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here are the journal entry choices - Required information The following selected account balances are provided for Delray Mfg. Sales Raw materials inventory, Dec. 31,
here are the journal entry choices
- Required information The following selected account balances are provided for Delray Mfg. Sales Raw materials inventory, Dec. 31, 2016 Work in process inventory, Dec. 31, 2016 Finished goods inventory, Dec. 31, 2016 Raw materials purchases Direct labor Factory computer supplies used Indirect labor Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory, Dec. 31, 2017 Work in process inventory, Dec. 31, 2017 Finished goods inventory, Dec. 31, 2017 $ 1,250,000 37,000 53,900 62,750 175,600 225,000 17,840 47,000 5,250 57,000 94,000 129,300 42,700 41,500 67,300 Prepare its schedule of cost of goods manufactured for the year ended December 31, 2017. DELRAY MFG. Schedule of Cost of Goods Manufactured For Year Ended December 31, 2017 Direct materials: Raw materials available for use Direct materials used Factory overhead: Total factory overhead costs Total manufacturing costs Total cost of work in process Cost of goods manufactured Advertising expense Direct labor Factory computer supplies used Finished goods inventory, December 31, 2016 Finished goods inventory, December 31, 2017 General and administrative expenses Indirect labor Raw materials inventory, December 31, 2016 Raw materials inventory, December 31, 2017 Raw materials purchases Rent cost of factory building Repairs-Factory equipment Sales Work in process inventory, December 31, 2016Step by Step Solution
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