Solution-How prepare schedule of cost of goods manufactured

How prepare schedule of cost of goods manufactured for year

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Reference no: EM132591139

Beck Manufacturing reports the information below for 2017.

Raw Materials Inventory

Begin. Inv.12,000

Purchases56,500

Avail. for use68,500

DM used48,500

End. Inv.20,000

Work in Process Inventory

Begin. Inv.16,600

DM used48,500

Direct labor28,300

Overhead68,500

Avail. for mfg.161,900

Cost of goods mfg148,700

End. Inv.13,200

Finished Goods Inventory

Begin. Inv.19,900

Cost of goods mfg148,700

Avail. for sale168,600

Cost of Goods Sold148,100

End. Inv.20,500

Required:

Question 1. Prepare the schedule of cost of goods manufactured for the year.

Question 2. Compute cost of goods sold for the year.

Reference no: EM132591139

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How prepare schedule of cost of goods manufactured for year

Reference no: EM132591139

Reference no: EM132591139

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