Please don't provide answer in image format thank you Beck Manufacturing reports the following information in T-accounts for the current year.BeginningPurchasesAvailable for use.EndingEndingBeginningDirect materials usedDirect laborOverheadDebitEndingDebitBeginningCost of goods manufacturedAvailable for saleRequired 1DebitDirect materials:Required 2Raw materials available for useDirect materials usedRaw Materials InventoryFactory overhead:Total manufacturing costs12,70058,50071,200Total cost of work in process23,200Work in Process InventoryCost of goods manufactured16,00048,00031,30055,000150,30014,70021,400135,600157,0001. Prepare the schedule of cost of goods manufactured for the year.2. Compute cost of goods sold for the year.Direct materials usedFinished Goods Inventory20,000Complete this question by entering your answers in the tabs below.Prepare the schedule of cost of goods manufactured for the year.Beck ManufacturingSchedule of Cost of Goods ManufacturedFor Year Ended December 31CreditCost of goods manufacturedCreditCreditCost of goods sold48,000135,600137,000 Compute cost of goods sold for the year.MANUFACTURINGCost of goods soldBECKPartial Income StatementFor Year Ended December 31Goods available for saleCost of goods sold

The cost of goods sold includes the cost of goods that are sold during the period. The cost of goods…

Beck Manufacturing reports the following information in T-accounts for the current year. Beginning Purchases Available for use Ending Debit Ending Beginning Direct materials used Direct labor Overhead Debit Ending Debit Beginning Cost of goods manufactured Available for sale Raw Materials Inventory 12,700 58,500 71,200 23,200 Work in Process Inventory 16,000 48,000 31,300 55,000 150,300 14,700 21,400 135,600 157,000 Direct materials used Finished Goods Inventory 20,000 Credit Credit Cost of goods manufactured Credit Cost of goods sold 1. Prepare the schedule of cost of goods manufactured for the year. 2 Compute cost of goods sold for the year 48,000 135,600 137,000

Beck Manufacturing reports the following information in T-accounts for the current year. Beginning Purchases Available for use Ending Debit Ending Beginning Direct materials used Direct labor Overhead Debit Ending Debit Beginning Cost of goods manufactured Available for sale Raw Materials Inventory 12,700 58,500 71,200 23,200 Work in Process Inventory 16,000 48,000 31,300 55,000 150,300 14,700 21,400 135,600 157,000 Direct materials used Finished Goods Inventory 20,000 Credit Credit Cost of goods manufactured Credit Cost of goods sold 1. Prepare the schedule of cost of goods manufactured for the year. 2 Compute cost of goods sold for the year 48,000 135,600 137,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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