Please answer the following questions

Use the following information for the Exercises below.

The following selected account balances are provided for Delray Mfg.

Sales	$	1,445,000
Raw materials inventory, beginning		45,000
Work in process inventory, beginning		52,800
Finished goods inventory, beginning		60,700
Raw materials purchases		184,700
Direct labor		232,000
Factory supplies used (indirect materials)		24,600
Indirect labor		42,000
RepairsFactory equipment		5,250
Rent cost of factory building		58,000
Advertising expense		84,000
General and administrative expenses		137,000
Raw materials inventory, ending		46,500
Work in process inventory, ending		38,800
Finished goods inventory, ending		65,100

Exercise 01-13 Prepare schedule of cost of goods manufactured LO P2

Prepare its schedule of cost of goods manufactured for the current year ended December 31.

Options for Direct materials

• Advertising expense
• Direct labor
• Factory supplies used
• Finished goods inventory, beginning
• Add: Raw materials purchases
• Less: Raw materials purchases

Options for Raw material

• Add: Raw materials inventory, beginning
• Add: Raw materials inventory, ending
• Less: Raw materials inventory, beginning
• Less: Raw materials inventory, ending

Options for direct material used

• Advertising expense
• Direct labor
• Factory supplies used
• Finished goods inventory, beginning
• Finished goods inventory, ending
• General and administrative expenses
• Indirect labor
• Raw materials inventory, beginning
• Raw materials inventory, ending
• Raw materials purchases
• Rent cost of factory building
• RepairsFactory equipment
• Sales
• Work in process inventory, beginning
• Work in process inventory, ending

Options for Factory overhead

• Advertising expense
• Direct labor
• Factory supplies used
• Finished goods inventory, beginning
• Finished goods inventory, ending
• General and administrative expenses
• Indirect labor
• Raw materials inventory, beginning
• Raw materials inventory, ending
• Raw materials purchases
• Rent cost of factory building
• RepairsFactory equipment
• Sales
• Work in process inventory, beginning
• Work in process inventory, ending

Options for manufacturing cost and work in process

• Add: Work in process inventory, beginning
• Add: Work in process inventory, ending
• Less: Work in process inventory, beginning
• Less: Work in process inventory, ending

DELRAY MFG. Schedule of Cost of Goods Manufactured For Year Ended December 31, Year 1 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