Question: Beck Manufacturing reports the information below for 2017. Raw Materials Inventory Begin. Inv.12,000Purchases56,500Avail. for use68,500DM used48,500End. Inv.20,000 Work in Process Inventory Begin. Inv.16,600DM used48,500Direct labor28,300Overhead68,500Avail.

Beck Manufacturing reports the information below for 2017.

Raw Materials InventoryBegin. Inv.12,000Purchases56,500Avail. for use68,500DM used48,500End. Inv.20,000Work in Process InventoryBegin. Inv.16,600DM used48,500Direct labor28,300Overhead68,500Avail. for mfg.161,900Cost of goods mfg148,700End. Inv.13,200Finished Goods InventoryBegin. Inv.19,900Cost of goods mfg148,700Avail. for sale168,600Cost of Goods Sold148,100End. Inv.20,500

Required:

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

2.Compute cost of goods sold for the year.

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