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Required information Use the following information for the Exercises below. (Algo) Skip to question [The following information applies to the questions displayed below.] Use the
Required information
Use the following information for the Exercises below. (Algo)
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[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 | $ 1,450,000 |
---|---|
Raw materials inventory, beginning | 62,000 |
Work in process inventory, beginning | 81,000 |
Finished goods inventory, beginning | 105,000 |
Raw materials purchases | 285,000 |
Direct labor | 342,000 |
Indirect labor | 51,000 |
RepairsFactory equipment | 41,000 |
Rent cost of factory building | 82,000 |
Selling expenses | 131,000 |
General and administrative expenses | 210,000 |
Raw materials inventory, ending | 74,000 |
Work in process inventory, ending | 97,000 |
Finished goods inventory, ending | 126,000 |
Exercise 14-13 (Algo) Preparing schedule of cost of goods manufactured LO P2
Prepare its schedule of cost of goods manufactured for the year ended December 31.
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