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Use the following selected account balances of Delray Manufacturing for the year ended December 31. Sales $ 2,100,000 Raw materials inventory, beginning 88,000 Work in
Use the following selected account balances of Delray Manufacturing for the year ended December 31.
Sales | $ 2,100,000 |
---|---|
Raw materials inventory, beginning | 88,000 |
Work in process inventory, beginning | 114,000 |
Finished goods inventory, beginning | 148,000 |
Raw materials purchases | 405,000 |
Direct labor | 486,000 |
Indirect labor | 73,000 |
RepairsFactory equipment | 58,000 |
Rent cost of factory building | 116,000 |
Selling expenses | 186,000 |
General and administrative expenses | 298,000 |
Raw materials inventory, ending | 106,000 |
Work in process inventory, ending | 137,000 |
Finished goods inventory, ending | 178,000 |
Prepare its schedule of cost of goods manufactured for the year ended December 31.
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