Question
Use the following selected account balances of Delray Manufacturing for the year ended December 31. Sales Raw materials inventory, beginning Work in process inventory,
Use the following selected account balances of Delray Manufacturing for the year ended December 31. Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Indirect labor $ 2,000,000 84,000 109,000 142,000 386,000 463,000 69,000 55,000 Rent cost of factory building 110,000 Selling expenses 176,000 General and administrative expenses 282,000 Raw materials inventory, ending Work in process inventory, ending Finished goods inventory, ending 101,000 131,000 170,000 Repairs-Factory equipment
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