Beck Manufacturing reports the information below for 2017 Ra

Beck Manufacturing reports the information below for 2017. Raw Materials Inventory Begin. Inv. Purchases Avail. for use 11,300 51,500 62,800 DM used 48,000 End. Inv. 14,800 Work in Process Inventory Begin. Inv. DM used Direct labor Overhead Avail. for mfg. 17,000 48,000 33, 300 55, 500 153, 800 Cost of goods mfg 140,700 End. Inv. 13,100 Finished Goods Inventory Begin. Inv. Cost of goods mfg 140,700 Avail. for sale 160,000 19,300 Cost of Goods Sold 139,300 End. Inv. 20,700

Solution

Prepare cost of goods manufactured schedule :

Compute cost of goods sold :

Direct material used	48000
Direct labour	33300
Manufacturing overhead	55500
Total manufacturing cost	136800
Beginning work in process	17000
Total cost of work in process	153800
Less: Ending work in process	(13100)
Cost of goods manufactured	140700