Question

8 Assignment Beck Manufacturing reports the following information in T-account form for 2019 Raw Materials Inventory Begin. I
End. Inv. 20,000 Required: 1. Prepare the schedule of cost of goods manufactured for the year 2. Compute cost of goods sold f
Begin. Inv. Cost of goods manuf. Avail. for sale 21,100 149,500 170,600 Cost of Goods Sold 150,600 End. Inv. 20,000 Required:
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  • [1]

Beck Manufacturing

Schedule of Cost of Goods manufactured

For the year ended Dec 31, 2019

Direct Material Used

$           51,000.00

Labor

$           30,300.00

Overhead

$           65,500.00

Total manufacturing cost

$        146,800.00

Add: Beginning WIP Inventory

$           16,800.00

Total cost of work in process

$        163,600.00

Less: Ending WIP Inventory

$           14,100.00

Cost of Goods manufactured

$        149,500.00

  • [2]

Beck Manufacturing

Cost of Goods Sold

For the year ended Dec 31, 2019

Cost of Goods Sold:

Cost of Goods manufactured

$        149,500.00

Add: Beginning Finished Goods Inventory

$           21,100.00

Goods available for sale

$        170,600.00

Less: Ending Finished goods inventory

$           20,000.00

Cost of Goods SOld

$        150,600.00

OR

Beck Manufacturing

Cost of Goods Sold

For the year ended Dec 31, 2019

Cost of Goods Sold:

Beginning Finished Goods Inventory

$           21,100.00

Add: Cost of Goods manufactured

$        149,500.00

Goods available for sale

$        170,600.00

Less: Ending Finished goods inventory

$           20,000.00

Cost of Goods SOld

$        150,600.00

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