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Given the following selected account balances of Delray Mfg. Sales $ 1,006,000 Raw materials inventory, Dec. 31, 2014 40,000 Work in process inventory, Dec. 31,
Given the following selected account balances of Delray Mfg. |
Sales | $ | 1,006,000 |
Raw materials inventory, Dec. 31, 2014 | 40,000 | |
Work in process inventory, Dec. 31, 2014 | 55,200 | |
Finished goods inventory, Dec. 31, 2014 | 63,300 | |
Raw materials purchases | 195,100 | |
Direct labor | 250,000 | |
Factory computer supplies used | 15,700 | |
Indirect labor | 54,000 | |
RepairsFactory equipment | 5,250 | |
Rent cost of factory building | 58,000 | |
Advertising expense | 99,000 | |
General and administrative expenses | 132,000 | |
Raw materials inventory, Dec. 31, 2015 | 44,500 | |
Work in process inventory, Dec. 31, 2015 | 41,900 | |
Finished goods inventory, Dec. 31, 2015 | 70,200 | |
Prepare its schedule of cost of goods manufactured for the year ended on December 31, 2015.
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