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 | $ 2,250,000 |
---|---|
Raw materials inventory, beginning | 94,000 |
Work in process inventory, beginning | 122,000 |
Finished goods inventory, beginning | 159,000 |
Raw materials purchases | 432,000 |
Direct labor | 518,000 |
Indirect labor | 78,000 |
Repairs—Factory equipment | 62,000 |
Rent cost of factory building | 124,000 |
Selling expenses | 198,000 |
General and administrative expenses | 317,000 |
Raw materials inventory, ending | 113,000 |
Work in process inventory, ending | 146,000 |
Finished goods inventory, ending | 191,000 |
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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