Question
[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
[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 $ 1,150,000 Raw materials inventory, beginning 50,000 Work in process inventory, beginning 65,000 Finished goods inventory, beginning 85,000 Raw materials purchases 230,000 Direct labor 276,000 Indirect labor 41,000 RepairsFactory equipment 33,000 Rent cost of factory building 66,000 Selling expenses 106,000 General and administrative expenses 170,000 Raw materials inventory, ending 60,000 Work in process inventory, ending 78,000 Finished goods inventory, ending 102,000
Prepare its schedule of cost of goods manufactured for the year ended December 31.
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