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12. TUV Manufacturing Company has the following data for 2019 (amounts in milions) EEB (Click the loon to view the information.) Prepare the schedule of cost of goods manufactured and the cost of goods sold section of the inoome statement for the year ended December 31, 2019 Begin by preparing the schedule of cost of goods manufactured Data Table TUV Manufacturing Company Schedule of Cost of Goods Manufactured Year Ended December 31, 2019 (in millions) Direct Materials, January 1 Direct Materials, December 31 Work-in-Process Inventory, January 1 Work-in-Process Inventory, December 31 Finished Goods Inventory January1 Finished Goods Inventory. December 31 Direct Materials Purchased, including Freight In Direct Labor 12 15 13 13 Direct Materials Used 31 42 24 Direct Materials Used Overhead Print Done
Direct Materials Used: Direct Materials Used Total Manufacturing Costs Incurmed during the Year Total Manufacturing Costs to Account For Cost of Goods Manufactured
Now prepare the schedule of cost of goods sold. TUV Manufacturing Company Schedule of Cost of Goods Sold Year Ended December 31, 2019 (in millions) Cost of Goods Available for Sale Cost of Goods Sold
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