Use the following selected account balances of Delray Manufacturing for the year ended December 31. Sales $
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Question:
- Use the following selected account balances of Delray Manufacturing for the year ended December 31.
- Sales $ 900,000
- Raw materials inventory, beginning 40,000
- Work in process inventory, beginning 52,000
- Finished goods inventory, beginning 68,000
- Raw materials purchases 184,000
- Direct labor 221,000
- Indirect labor 33,000
- Repairs—Factory equipment 26,000
- Rent cost of factory building 52,000
- Selling expense 83000,
- general and administrative expenses 133000,
- raw materials inventory ending 48000,
- work in process inventory ending 62000,
- finished goods inventory ending 82000.
- Prepare its schedule of cost of goods manufactured for the year ended December 31.
Related Book For
Fundamental Accounting Principles
ISBN: 978-1259536359
23rd edition
Authors: John Wild, Ken Shaw, Barbara Chiappett
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