Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please help with this and please show the working [The following information applies to the questions displayed below.] Use the following selected account balances of
please help with this and please show the working
[The following information applies to the questions displayed below.] Use the following selected account balances of Delray Manufacturing for the year ended December 31.
Sales | $ 2,350,000 |
---|---|
Raw materials inventory, beginning | 98,000 |
Work in process inventory, beginning | 127,000 |
Finished goods inventory, beginning | 165,000 |
Raw materials purchases | 451,000 |
Direct labor | 541,000 |
Indirect labor | 81,000 |
RepairsFactory equipment | 65,000 |
Rent cost of factory building | 130,000 |
Selling expenses | 208,000 |
General and administrative expenses | 333,000 |
Raw materials inventory, ending | 118,000 |
Work in process inventory, ending | 152,000 |
Finished goods inventory, ending | 198,000 |
Prepare its schedule of cost of goods manufactured for the year ended December 31. DELRAY MANUFACTURING Schedule of Cost of Goods Manufactured For Year Ended December 31 Direct materials: Raw materials available for use $ 0 Direct materials used $ 0 0 Factory overhead: $ Total factory overhead Total manufacturing costs 0 0 Total cost of work in process 0 Cost of goods manufactured $ 0
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started