Beck Manufacturing reports the following information in T-account form for 2019. Raw Materials Inventory 10,900 45,500...

        

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Beck Manufacturing reports the following information in T-account form for 2019. Raw Materials Inventory 10,900 45,500 56,400 Begin. Inv. Purchases Avail. for use End. Inv. Begin. Inv. DM used Direct labor Overhead Manuf. costs End. Inv. Begin. Inv. Cost of goods manuf. Avail. for sale End. Inv. 4,900 Work in Process Inventory 17, 200 51,500 28,300 66,000 163,000 DM used 19,300 Cost of goods manuf. 14,300 Finished Goods Inventory 17, 200 148,700 165,900 Cost of Goods Sold 51,500 148,700 146, 600 Beck Manufacturing reports the following information in T-account form for 2019. Raw Materials Inventory 10,900 45,500 56,400 Begin. Inv. Purchases Avail. for use End. Inv. Begin. Inv. DM used Direct labor Overhead Manuf. costs End. Inv. Begin. Inv. Cost of goods manuf. Avail. for sale End. Inv. 4,900 Work in Process Inventory 17, 200 51,500 28,300 66,000 163,000 DM used 19,300 Cost of goods manuf. 14,300 Finished Goods Inventory 17, 200 148,700 165,900 Cost of Goods Sold 51,500 148,700 146, 600 Required: 1. Prepare the schedule of cost of goods manufactured for the year. 2. Compute cost of goods sold for the year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the schedule of cost of goods manufactured for the year. BECK MANUFACTURING Schedule of Cost of Goods Manufactured For Year Ended December 31, 2019 Total manufacturing costs Total cost of work in process Cost of goods manufactured $ 0 0 0 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute cost of goods sold for the year. BECK MANUFACTURING Partial Income Statement For Year Ended December 31, 2019 Cost of goods sold Goods available for sale Cost of goods sold $ 0 0 Shown here are annual financial data taken from two different companies. Beginning inventory Merchandise Finished goods Cost of purchases Cost of goods manufactured Ending inventory Merchandise Finished goods Music World Retail $135,000 340,000 190,000 Wave-Board. Manufacturing $230,000 571,000 220,000 Required: 1. Prepare the cost of goods sold section of the income statement for the year for each company in Merchandising Business and Manufacturing Business. Complete this question by entering your answers in the tabs below. Merch Business Mfg Business Prepare the cost of goods sold section of the income statement for the year for company in Merchandising Business. MUSIC WORLD RETAIL Cost of Goods Sold For The Year Cost of goods sold: Goods available for sale Cost of goods sold $ 0 0 Complete this question by entering your answers in the tabs below. Merch Business Mfg Business Prepare the cost of goods sold section of the income statement for the year for company in Manufacturing Business. Cost of goods sold WAVE-BOARD MFG. Cost of Goods Sold For The Year Goods available for sale Cost of goods sold $ 0 0 Beck Manufacturing reports the following information in T-account form for 2019. Raw Materials Inventory 10,900 45,500 56,400 Begin. Inv. Purchases Avail. for use End. Inv. Begin. Inv. DM used Direct labor Overhead Manuf. costs End. Inv. Begin. Inv. Cost of goods manuf. Avail. for sale End. Inv. 4,900 Work in Process Inventory 17, 200 51,500 28,300 66,000 163,000 DM used 19,300 Cost of goods manuf. 14,300 Finished Goods Inventory 17, 200 148,700 165,900 Cost of Goods Sold 51,500 148,700 146, 600 Beck Manufacturing reports the following information in T-account form for 2019. Raw Materials Inventory 10,900 45,500 56,400 Begin. Inv. Purchases Avail. for use End. Inv. Begin. Inv. DM used Direct labor Overhead Manuf. costs End. Inv. Begin. Inv. Cost of goods manuf. Avail. for sale End. Inv. 4,900 Work in Process Inventory 17, 200 51,500 28,300 66,000 163,000 DM used 19,300 Cost of goods manuf. 14,300 Finished Goods Inventory 17, 200 148,700 165,900 Cost of Goods Sold 51,500 148,700 146, 600 Required: 1. Prepare the schedule of cost of goods manufactured for the year. 2. Compute cost of goods sold for the year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the schedule of cost of goods manufactured for the year. BECK MANUFACTURING Schedule of Cost of Goods Manufactured For Year Ended December 31, 2019 Total manufacturing costs Total cost of work in process Cost of goods manufactured $ 0 0 0 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute cost of goods sold for the year. BECK MANUFACTURING Partial Income Statement For Year Ended December 31, 2019 Cost of goods sold Goods available for sale Cost of goods sold $ 0 0 Shown here are annual financial data taken from two different companies. Beginning inventory Merchandise Finished goods Cost of purchases Cost of goods manufactured Ending inventory Merchandise Finished goods Music World Retail $135,000 340,000 190,000 Wave-Board. Manufacturing $230,000 571,000 220,000 Required: 1. Prepare the cost of goods sold section of the income statement for the year for each company in Merchandising Business and Manufacturing Business. Complete this question by entering your answers in the tabs below. Merch Business Mfg Business Prepare the cost of goods sold section of the income statement for the year for company in Merchandising Business. MUSIC WORLD RETAIL Cost of Goods Sold For The Year Cost of goods sold: Goods available for sale Cost of goods sold $ 0 0 Complete this question by entering your answers in the tabs below. Merch Business Mfg Business Prepare the cost of goods sold section of the income statement for the year for company in Manufacturing Business. Cost of goods sold WAVE-BOARD MFG. Cost of Goods Sold For The Year Goods available for sale Cost of goods sold $ 0 0

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