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please help i ne following selected account balances are provided for Delray Mfg. Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods
please help i ne 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 $ 1,075,000 36,000 58,200 66,800 177,200 241,000 22,500 58,000 5,250 55,000 183,000 126,000 42,300 48,000 74,500 Prepare an income statement for Delray Mfg. (a manufacturer). DELRAY MFG Income Statement For Year Ended December 31. Year 1 $ 1.075.000 Sales Cost of goods sold Submit Current assets for two different companies at fiscal year-end are listed here. One is a manufacturer, Rayzer Skis Mfg. and the other, Sunrise Foods, is a grocery distribution company. Account Cash Raw materials inventory Merchandise inventory Work in process inventory Finished goods inventory Accounts receivable, net Prepaid expenses Company 1 Company 2 $ 8,000 $ 6,000 42,625 45,625 31,000 51,000 66,000 83,000 2,500 500 Required: 1. Identify which set of numbers relates to the manufacturer and which to the merchandiser 2a. & 2b. Prepare the current asset section for each company from this information Complete this question by entering your answers in the tabs below. Reg 1 Req ZA Reg 2B Prepare the current asset section for Company 1 from this information. Sunrise Foods Balance Sheet-Current Asset Section Fiscal Year-end
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