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Required information [The following information applies to the questions displayed below.] Use the following selected account balances of Delray Manufacturing for the year ended December
Required information [The following information applies to the questions displayed below.] Use the following selected account balances of Delray Manufacturing for the year ended December 31. Prepare its schedule of cost of goods manufactured for the year ended December 31. \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|l|}{ DELRAY MANUFACTURING } \\ \hline \multicolumn{3}{|c|}{ Schedule of Cost of Goods Manufactured } \\ \hline \multicolumn{3}{|c|}{ For Year Ended December 31} \\ \hline \multicolumn{3}{|l|}{ Direct materials: } \\ \hline Raw materials inventory, beginning & & \\ \hline \multicolumn{3}{|l|}{ Add: Raw materials purchases } \\ \hline Raw materials available for use & $ & \\ \hline \multicolumn{3}{|l|}{ Less: Raw materials inventory, ending } \\ \hline Direct materials used & & $ \\ \hline \multicolumn{3}{|l|}{\begin{tabular}{|l|} Direct labor \\ Factory overhead: \end{tabular}} \\ \hline \multicolumn{3}{|l|}{ Factory overhead: } \\ \hline \multicolumn{3}{|l|}{ Indirect labor } \\ \hline \multicolumn{3}{|l|}{ Repairs - Factory equipment } \\ \hline \multicolumn{3}{|l|}{ Rent cost of factory building } \\ \hline & & \\ \hline \multicolumn{3}{|l|}{ Total factory overhead } \\ \hline Total factory overhead & & $ \\ \hline Total manufacturing costs & & 0 \\ \hline \multicolumn{3}{|l|}{Add:Workinprocessinventory,beginningTotalcostofworkinprocess} \\ \hline Total cost of work in process & & 0 \\ \hline \multicolumn{3}{|l|}{ Less: Work in process inventory, ending } \\ \hline Cost of goods manufactured & & $ \\ \hline \end{tabular}
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