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Use the following selected account balances of Delray Manufacturlng for the year ended December 31. Sales $ 1,656,666 Raw materials inventory, beginning ?8,666 work in
Use the following selected account balances of Delray Manufacturlng for the year ended December 31. Sales $ 1,656,666 Raw materials inventory, beginning ?8,666 work in process inventory, beginning 161,666 Finished goods inventory, beginning 131,666 Raw materials purchases 359,666 Direct labor 431,666 Indirect labor 65,666 RepairsFactory equipment 52,666 Rent cost of factory building 164,666 Selling expenses 166,666 General and administrative expenses 266,666 Raw materials inventory, ending 94,666 Work in process inventory, ending 121,666 Finished goods inventory, ending 15?,666 Prepare its schedule of cost of goods manufactured for the year ended December 31. DELRAY MANUFACTURING Schedule of Cost of Goods Manufactured For Year Ended December 31 Direct materials: Raw materials available for use Direct materials used Factory overhead: Total factory overhead Total manufacturing costs Total cost of work in process Cost of goods manufactured
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