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Use the following selected account balances of Delray Manufacturing for the year ended December 31. Sales $ 2,450,000 Raw materials inventory, beginning 102,000 Work in
Use the following selected account balances of Delray Manufacturing for the year ended December 31.
Sales | $ 2,450,000 |
---|---|
Raw materials inventory, beginning | 102,000 |
Work in process inventory, beginning | 133,000 |
Finished goods inventory, beginning | 173,000 |
Raw materials purchases | 469,000 |
Direct labor | 563,000 |
Indirect labor | 84,000 |
RepairsFactory equipment | 67,000 |
Rent cost of factory building | 134,000 |
Selling expenses | 214,000 |
General and administrative expenses | 342,000 |
Raw materials inventory, ending | 122,000 |
Work in process inventory, ending | 160,000 |
Finished goods inventory, ending | 208,000 |
Prepare its schedule of cost of goods manufactured for the year ended December 31.
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