Exercise 1-15 Schedule of cost of goods manufactured and cost of goods sold LO P

Question

Exercise 1-15 Schedule of cost of goods manufactured and cost of goods sold LO P1, P2 Beck Manufacturing reports the information below for 2015 Raw Materials Inventory Beg + Purchases 12,600 55,500 Avail for use 68,100 Materials used 52,000 End. Inv 16,100 Work in Process Inventory Beg Materials Labor Overhead 17,400 52,000 29,300 62,500 Avail for mfg 161,200 Cost of goods mfg 146,300 End. Inv 14,900 Finished Goods Inventory Begin. Inv Cost of goods mgs 21,700 146,300 Avail for sale 168,000 Cost of Goods Sold 148,300 End. Inv 19,700

Explanation / Answer

1. Total cost of goods manufactued = $ 146300

Total Cost of work in Progress = $ 14900

Total Manufacturing Cost = $ 146300 + $ 14900

= $ 161200

2. Cost of goods availble for sale = $ 168000

Cost of goods sold = $ 148300

Related Questions

Navigate

• Browse (All)
• Browse E
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.