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 | $ 2,750,000 |
---|---|
Raw materials inventory, beginning | 114,000 |
Work in process inventory, beginning | 148,000 |
Finished goods inventory, beginning | 192,000 |
Raw materials purchases | 524,000 |
Direct labor | 629,000 |
Indirect labor | 94,000 |
RepairsFactory equipment | 75,000 |
Rent cost of factory building | 150,000 |
Selling expenses | 240,000 |
General and administrative expenses | 384,000 |
Raw materials inventory, ending | 137,000 |
Work in process inventory, ending | 178,000 |
Finished goods inventory, ending | 230,000 |
Exercise 1-13 (Algo) Preparing schedule of cost of goods manufactured LO P2
Prepare its schedule of cost of goods manufactured for the year ended December 31.
Exercise 1-13 (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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