Ending Beginning Purchases Available for use Debit Ending Beginning Direct materials used Direct labor Overhead Ending Debit Work Raw Materials Inventory Debit Beginning Cost of goods manufactured Available for sale. Direct materials: 10, 100 50,500 60, 600 13, 100 in Process Inventory 16, 200 47,500 34,100 63,000 160,800 14,400 Finished Goods Inventory 19,600 146,400 166,000 20,800 Direct materials used Direct materials used Raw materials available for use Factory overhead: Total manufacturing costs Total cost of work in process Cost of goods manufactured Credit Cost of goods manufactured 1. Prepare the schedule of cost of goods manufactured for the year. 2. Compute cost of goods sold for the year. Credit Complete this question by entering your answers in the tabs below. Required Required 1 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 0 Credit Cost of goods sold 145,200 $ $ 0 47,500 146,400 0 0 0
Ending Beginning Purchases Available for use Debit Ending Beginning Direct materials used Direct labor Overhead Ending Debit Work Raw Materials Inventory Debit Beginning Cost of goods manufactured Available for sale. Direct materials: 10, 100 50,500 60, 600 13, 100 in Process Inventory 16, 200 47,500 34,100 63,000 160,800 14,400 Finished Goods Inventory 19,600 146,400 166,000 20,800 Direct materials used Direct materials used Raw materials available for use Factory overhead: Total manufacturing costs Total cost of work in process Cost of goods manufactured Credit Cost of goods manufactured 1. Prepare the schedule of cost of goods manufactured for the year. 2. Compute cost of goods sold for the year. Credit Complete this question by entering your answers in the tabs below. Required Required 1 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 0 Credit Cost of goods sold 145,200 $ $ 0 47,500 146,400 0 0 0
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter6: Process Costing
Section: Chapter Questions
Problem 20MCQ: Transferred-in goods are treated by the receiving department as a. units started for the period. b....
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