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he following selected account balances are provided for Delray Mfg. Sales $ 1,379,000 Raw materials inventory, Dec. 31, 2016 39,000 Work in process inventory, Dec.
he following selected account balances are provided for Delray Mfg.
Sales | $ | 1,379,000 |
Raw materials inventory, Dec. 31, 2016 | 39,000 | |
Work in process inventory, Dec. 31, 2016 | 58,900 | |
Finished goods inventory, Dec. 31, 2016 | 63,000 | |
Raw materials purchases | 169,600 | |
Direct labor | 248,000 | |
Factory computer supplies used | 15,800 | |
Indirect labor | 48,000 | |
RepairsFactory equipment | 5,250 | |
Rent cost of factory building | 55,000 | |
Advertising expense | 105,000 | |
General and administrative expenses | 144,000 | |
Raw materials inventory, Dec. 31, 2017 | 45,700 | |
Work in process inventory, Dec. 31, 2017 | 43,000 | |
Finished goods inventory, Dec. 31, 2017 | 65,200 | |
Prepare an income statement for Delray Mfg. (a manufacturer).
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