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the last person on cheg who helped me with this got it almost completely wrong, hope you can help me out, thanks! The following information
the last person on cheg who helped me with this got it almost completely wrong, hope you can help me out, thanks!
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 $ 1.050,000 Raw materials inventory, beginning 46,000 Work in process inventory, beginning 60,000 Finished goods inventory, beginning 78,000 Raw materials purebases 212.000 Direct labor 254,000 Indirect labor 38,000 Repair Factory equipment 30,000 Rent cost of factory building 60,000 Selling expenses 96,000 General and administrative expenses 154,000 Raw materials inventory, onding 55,000 Work in process inventory, ending 72,000 Tinished goods Inventory, ending 9,000 Prepare an income statement for Delray Manufacturing (a manufacturer). Assume that its cost of goods manufactured is $573,000. DELRAY MANUFACTURING Income Statement For Year Ended December 31 Cost of goods sold Goods available for sale Cost of goods sold 0 Net Income $ 0 Step by Step Solution
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