Question

costs of goods sold for beck man.

up Save Exit Submit Check my work 7 Beck Manufacturing reports the following information in T-account form for 2019. Hints Skipped 49,500 eBook Hint Raw Materials Inventory Begin. Inv. 12,900 Purchases 54,500 Avail. for use 67,400 DM used End. Inv. 17,900 in Process Inventory Begin. Inv. 15,800 DM used 49,500 Direct labor 32,900 Overhead 68,500 Manuf. costs 166,700 Cost of goods manuf. End. Inv. 12,300 Pinished Goods Inventory Begin. Inv. 21,100 Cost of goods manuf. 154,400 Avail. for sale 175,500 Cost of Goods Sold End. Inv. 19,900 Print 154,400 References 155,600 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. 7 of 7 Next >

Answer 1

Prepare cost of goods manufactured schedule :
Direct material used	49500
Direct labor	32900
Manufacturing overhead	68500
Total manufacturing cost	150900
Beginning work in process	15800
Total cost of work in process	166700
Less: Ending work in process	-12300
Cost of goods manufactured	154400
Compute cost of goods sold :
Cost of goods sold
Beginning finished goods inventory	21100
Cost of goods manufactured	154400
Total goods available for sales	175500
Less: Ending finished goods inventory	-19900
Cost of goods sold	155600