90.2K

Verified Solution

Link Copied!

Beck Manufacturing reports the information below for 2017. Raw Materials Inventory 10,000 55,000 8,500 Begin. Inv. Purchases Avail. for use DM used 46,500 End. Inv Work in Process Inventory Begin. Inv. DM used Direct labor Overhead 14,000 46,500 27,500 55,000 143,000 Avail. for mfg. Cost of goods mfg 131,000 End. Inv. 12,000 Finished Goods Inventor Begin. Inv. Cost of goods mfg Avail. for sale 16,000 131,000 147,000 Cost of Goods Sold 129,000 End. Inv. 18,000 Cost of Goods Sold 129,090 End. Inv. 18,000 Required: 1. Prepare the schedule of cost of goods manufactured for the year 2. Compute cost of goods sold for the year Complete this question by entering your answers in the tabs below. Required 1 Required 2 es Prepare the schedule of cost of goods manufactured for the year. BECK MANUFACTURING Schedule of Cost of Goods Manufactured For Year Ended December 31, 2017 Total manufacturing costs Total cost of work in process Cost of goods manufactured Required 1 Required 2 End. Inv. Required: 1. Prepare the schedule of cost of goods manufactured for the year. 2. Compute cost of goods sold for the year Complete this question by entering your answers in the tabs below. Required 1Required 2 es Compute cost of goods sold for the year. BECK MANUFACTURING Partial Income Statement For Year Ended December 31, 2017 Cost of goods sold Goods available for sale Cost of goods sold

Answer & Explanation Solved by verified expert

See Answer