I thought I had understood that in order to find the cost of manufactured you take direct materials which is (53700) right? Then add the Direct labor used (238,000)? Then add the factory overhead? I thought that the factory supplies, indirect labor, repairs factory equipment, and rent cost factory building is the factory overhead?

Return to questio 0.17 points Required information Use the following information for the Exercises below. The following selected account balances are provided for Delray Mfg. $ Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Factory supplies used (indirect materials) Indirect labor Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory, ending Work in process inventory, ending Finished goods inventory, ending 1,046,000 39,000 53,400 63,800 192,300 238,000 20,600 47,000 5,250 54,000 83,000 126,000 49,100 39,500 66,000 Return to question 17 Required information $ 1,046,000 0.17 points Cost of goods sold Finished goods inventory, beginning Cost of goods manufactured $ 63,800 418,550 X 482,350 66,000 Cost of goods available for sale Less: Finished goods inventory, ending Cost of goods sold Gross profit Operating expenses Advertising expense General and administrative expenses 416,350 629,650 83,000 126,000 Total operating expenses Operating income 209,000 420,650 $