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

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Exercise 14-15 Schedule of cost of goods manufactured and cost of goods sold LO P1, P2 Beck Manufacturing reports the followi Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the schedule of cost of good

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Answer 1

Answer #1

Ques 1

Schedule of cost of goods manufactured
Direct Materials	47000
Direct Labor	29300
Factory overhead costs	55500
total mfr costs	131800
add:work in process dec year1	16600
total cost of wip	148400
less:work in process dec year 2	13800
cost of goods manufactured	134600

Ques 2
Partial inocme statement
Cost of goods sold
Finished goods inventory dec year 1	22000
add:cost of goods manufactued	134600
goods available for sale	156600
less:finished goods inventory dec year 2	19500
Cost of goods sold	137100

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Answer 2

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

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