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Exercise 14-15 Schedule of cost of goods manufactured and cost of goods sold LO P1,...

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Accounting

Exercise 14-15 Schedule of cost of goods manufactured and cost of goods sold LO P1, P2

Beck Manufacturing reports the information below for 2017.

Raw Materials Inventory
Begin. Inv. 11,100
Purchases 48,500
Avail. for use 59,600
DM used 52,500
End. Inv. 7,100
Work in Process Inventory
Begin. Inv. 14,600
DM used 52,500
Direct labor 30,300
Overhead 66,500
Avail. for mfg. 163,900
Cost of goods mfg 149,600
End. Inv. 14,300
Finished Goods Inventory
Begin. Inv. 18,700
Cost of goods mfg 149,600
Avail. for sale 168,300
Cost of Goods Sold 148,900
End. Inv. 19,400

Required: 1. Prepare the schedule of cost of goods manufactured for the year. 2. Compute cost of goods sold for the year.

BECK MANUFACTURING
Schedule of Cost of Goods Manufactured
For Year Ended December 31, 2017
Total manufacturing costs 0
Total cost of work in process 0
Cost of goods manufactured $0
BECK MANUFACTURING
Partial Income Statement
For Year Ended December 31, 2017
Cost of goods sold
Goods available for sale 0
Cost of goods sold $0

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