Beck Manufacturing reports the following information in T-account form for 2019. The following data is provided for
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Question:
Beck Manufacturing reports the following information in T-account form for 2019.
The following data is provided for Garcon Company and Pepper Company.
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Work in Process Inventory | |||
Begin. Inv. | 14,600 | ||
DM used | 51,000 | ||
Direct labor | 33,700 | ||
Overhead | 68,500 | ||
Manuf. costs | 167,800 | ||
Cost of goods manuf. | 153,400 | ||
End. Inv. | 14,400 |
Finished Goods Inventory | |||
Begin. Inv. | 16,900 | ||
Cost of goods manuf. | 153,400 | ||
Avail. for sale | 170,300 | ||
Cost of Goods Sold | 151,600 | ||
End. Inv. | 18,700 |
Required:
1. Prepare the schedule of cost of goods manufactured for the year.
2. Compute cost of goods sold for the year.
Related Book For
Managerial Accounting
ISBN: 978-1260482935
7th edition
Authors: John J Wild, Ken W. Shaw, Barbara Chiappetta
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