Chapter 14 Managerial Costing Exercise Saved Beck Manufacturing reports the information below for 2017. Raw Materials Inventory 0.49 points Begin. Inv. Purchases Avail. for use 10,000 45,000 55,000 DM used 46,500 End. Inv. 8,500 eBook Hint Print References Work in Process Inventor Begin. Inv. DM used Direct labor Overhead Avail. for mfg. 14,000 46,500 27,500 55,000 143,000 Cost of goods mf 131,000 End. Inv. 12,000 Finished Goods Inventory Begin. Inv. Cost of goods mf Avail. for sale 16,000 131,000 147,000 Cost of Goods Sold 129,000 End. Inv. 18,000 Required: 1. Prepare the schedule of cost of goods manufactured for the year 2. Compute cost of goods sold for the year