The following selected account balances are provided for Delray Mfg. Sales $ 1,184,000 Raw materials inventory, Dec.
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The following selected account balances are provided for Delray Mfg.
Sales | $ | 1,184,000 |
Raw materials inventory, Dec. 31, 2016 | 35,000 | |
Work in process inventory, Dec. 31, 2016 | 57,200 | |
Finished goods inventory, Dec. 31, 2016 | 68,200 | |
Raw materials purchases | 248,000 | |
Direct labor | 235,000 | |
Factory computer supplies used | 15,000 | |
Indirect labor | 49,000 | |
Repairs—Factory equipment | 5,250 | |
Rent cost of factory building | 55,000 | |
Advertising expense | 102,000 | |
General and administrative expenses | 138,000 | |
Raw materials inventory, Dec. 31, 2017 | 48,000 | |
Work in process inventory, Dec. 31, 2017 | 44,000 | |
Finished goods inventory, Dec. 31, 2017 | 72,000 | |
Prepare an income statement for Delray Mfg. (a manufacturer).
Related Book For
Accounting Principles
ISBN: 978-1119048503
7th Canadian Edition Volume 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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