Question: Given the following selected account balances of Delray Mfg prepare

Given the following selected account balances of Delray Mfg. prepare its schedule of cost of goods manufactured for the year ended December 31, 2015. Include a listing of the individual overhead account balances in this schedule.
Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,250,000
Raw materials inventory, Dec. 31, 2014 . . . . . 37,000
Work in process inventory, Dec. 31, 2014 . . . 53,900
Finished goods inventory, Dec. 31, 2014 . . . . 62,750
Raw materials purchases . . . . . . . . . . . . . . . . . 175,600
Direct labor . . . . . . . . . . . . . . . . . . . . . . . . . . . 225,000
Factory computer supplies used . . . . . . . . . . . 17,840
Indirect labor . . . . . . . . . . . . . . . . . . . . . . . . . . 47,000
Repairs—Factory equipment . . . . . . . . . . . . . . $ 5,250
Rent cost of factory building . . . . . . . . . . . . . . 57,000
Advertising expense . . . . . . . . . . . . . . . . . . . . . 94,000
General and administrative expenses . . . . . . . . 129,300
Raw materials inventory, Dec. 31, 2015 . . . . . . 42,700
Work in process inventory, Dec. 31, 2015 . . . 41,500
Finished goods inventory, Dec. 31, 2015 . . . . . 67,300


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  • CreatedApril 23, 2015
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