Beck Manufacturing reports the information below for 2017.
Raw Materials Inventory
Begin. Inv. 11,200
Purchases 53,000
Avail. for use 64,200
DM used 52,500
End. Inv. 11,700
Work in Process Inventory
Begin. Inv. 14,800
DM used 52,500
Direct labor 30,500
Overhead 57,500
Avail. for mfg. 155,300
Cost of goods mfg 141,500
End. Inv. 13,800
Finished Goods Inventory
Begin. Inv. 19,000
Cost of goods mfg 141,500
Avail. for sale 160,500
Cost of Goods Sold 141,800
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.

Cost of goods mfg                               141,500

Cost of Goods Sold                               141,800

Explanation:

Beck Manufacturing

Cost Of Goods Manufactured Schedule

2017.

Raw Materials Inventory

Begin. Inv.                                        11,200

Add Purchases                               53,000

Avail. for use                                    64,200

Less End. Inv.                                    11,700

DM used                                            52,500

Add  Direct labor                               30,500

Add Overhead                                   57,500

Total Manufacturing Costs              140,500

Work in Process Inventory

Add Begin. Inv.                                    14,800

Avail. for mfg.                                    155,300

Less End. Inv.                                      13,800

Cost of goods mfg                               141,500

Beck Manufacturing

Cost Of Goods Sold 2017.

Cost of goods mfg                               141,500

Finished Goods Inventory

Add Begin. Inv.                                     19,000

Avail. for sale                                      160,500

Less End. Inv.                                        18,700

Cost of Goods Sold                               141,800