Beck Manufacturing reports the information below for 2017. Raw Materials Inventory Begin. Inv.12,900 Purchases48,000 Avail. for use60,900 DM used48,500 End. Inv.12,400 Work in Process Inventory Begin. Inv.17,400 DM used48,500 Direct labor30,700 Overhead63,000 Avail. for mfg.159,600 Cost of goods mfg145,200 End. Inv.14,400 Finished Goods Inventory Begin. Inv.16,600 Cost of goods mfg145,200 Avail. for sale161,800 Cost of Goods Sold143,200 End. Inv.18,600 Required: 1. Prepare the schedule of cost of goods manufactured for the year. 2. Compute cost of goods sold for the year.

Beck Manufacturing

1. Schedule of Cost of Goods Manufactured for the Year:

Inventory of Work in Process       $17,400

Direct materials used                    48,500

Direct labor                                    30,700

Overhead                                      63,000

Cost of production                   $159,600

Less Ending Inventory of WIP      14,400

Cost of Manufactured Goods $145,200

2. Cost of goods sold for the year

Beginning inventory of finished goods   $16,600

Cost of manufactured goods                  145,200

Cost of goods available for sale            $161,800

Less Ending inventory of finished goods 18,600

Cost of Goods Sold                               $143,200

Explanation:

a) Data and Calculations:

Raw Materials Inventory Begin. Inv. 12,900

Purchases                                         48,000

Avail. for use                                    60,900

DM used                                          48,500

End. Inv.                                            12,400

Work in Process Inventory

Begin. Inv.                                        17,400

DM used                                         48,500

Direct labor                                    30,700

Overhead                                      63,000

Avail. for mfg.                              159,600

Cost of goods mfg                     145,200

End. Inv.                                        14,400

Finished Goods Inventory

Begin. Inv.                                   16,600

Cost of goods mfg                   145,200

Avail. for sale                            161,800

Cost of Goods Sold                 143,200

End. Inv.                                     18,600

tell them not to name the burger a cheese burger

b. take periodic breaks and alternate between tasks.  

will increase work efficiency, and avoid health issues.