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Chapter 14 Homework i Saved Help Save & Exit Submit 13 Part 2 of 2 1.11 points eBook ! Required information Use the following information for the Exercises below. (Algo) [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 Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases $ 2,400,000 100,000 130,000 169,000 460,000 Direct labor 552,000 Indirect labor 83,000 Hint Repairs-Factory equipment 66,000 Rent cost of factory building 132,000 Selling expenses 211,000 General and administrative expenses 338,000 Ask Raw materials inventory, ending 120,000 Work in process inventory, ending Finished goods inventory, ending 156,000 203,000 Print Check my work References Exercise 14-14 (Algo) Income statement preparation LO P1 Prepare an income statement for Delray Manufacturing (a manufacturer). Assume that its cost of goods manufactured is $1,247,000. Mc Graw Hill Sales DELRAY MANUFACTURING Income Statement For Year Ended December 31 $ 2,400,000 Cost of goods sold: Finished goods inventory, beginning Cost of goods manufactured Goods available for sale Less: Finished goods inventory, ending Cost of goods sold Gross profit Net income $ 169,000 169,000 169,000 2,231,000 $ 2,231,000 S ទ < Prev 13 of 14 Next >

Chapter 14 Homework i Saved Help Save & Exit Submit 13 Part 2 of 2 1.11 points eBook ! Required information Use the following information for the Exercises below. (Algo) [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 Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases $ 2,400,000 100,000 130,000 169,000 460,000 Direct labor 552,000 Indirect labor 83,000 Hint Repairs-Factory equipment 66,000 Rent cost of factory building 132,000 Selling expenses 211,000 General and administrative expenses 338,000 Ask Raw materials inventory, ending 120,000 Work in process inventory, ending Finished goods inventory, ending 156,000 203,000 Print Check my work References Exercise 14-14 (Algo) Income statement preparation LO P1 Prepare an income statement for Delray Manufacturing (a manufacturer). Assume that its cost of goods manufactured is $1,247,000. Mc Graw Hill Sales DELRAY MANUFACTURING Income Statement For Year Ended December 31 $ 2,400,000 Cost of goods sold: Finished goods inventory, beginning Cost of goods manufactured Goods available for sale Less: Finished goods inventory, ending Cost of goods sold Gross profit Net income $ 169,000 169,000 169,000 2,231,000 $ 2,231,000 S ទ < Prev 13 of 14 Next >

Century 21 Accounting Multicolumn Journal
Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter16: Financial Statements And Closing Entries For A Corporation
Section16.1: Preparing An Income Statement
Problem 1OYO
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prepare an income statement for delray manufacturing (a manufacturer)assume that its cost of goods manufactured is $1,247,000

Chapter 14 Homework i Saved Help Save & Exit Submit 13 Part 2 of 2 1.11 points eBook ! Required information Use the following information for the Exercises below. (Algo) [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 Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases $ 2,400,000 100,000 130,000 169,000 460,000 Direct labor 552,000 Indirect labor 83,000 Hint Repairs-Factory equipment 66,000 Rent cost of factory building 132,000 Selling expenses 211,000 General and administrative expenses 338,000 Ask Raw materials inventory, ending 120,000 Work in process inventory, ending Finished goods inventory, ending 156,000 203,000 Print Check my work References Exercise 14-14 (Algo) Income statement preparation LO P1 Prepare an income statement for Delray Manufacturing (a manufacturer). Assume that its cost of goods manufactured is $1,247,000. Mc Graw Hill Sales DELRAY MANUFACTURING Income Statement For Year Ended December 31 $ 2,400,000 Cost of goods sold: Finished goods inventory, beginning Cost of goods manufactured Goods available for sale Less: Finished goods inventory, ending Cost of goods sold Gross profit Net income $ 169,000 169,000 169,000 2,231,000 $ 2,231,000 S ទ < Prev 13 of 14 Next >
Transcribed Image Text:Chapter 14 Homework i Saved Help Save & Exit Submit 13 Part 2 of 2 1.11 points eBook ! Required information Use the following information for the Exercises below. (Algo) [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 Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases $ 2,400,000 100,000 130,000 169,000 460,000 Direct labor 552,000 Indirect labor 83,000 Hint Repairs-Factory equipment 66,000 Rent cost of factory building 132,000 Selling expenses 211,000 General and administrative expenses 338,000 Ask Raw materials inventory, ending 120,000 Work in process inventory, ending Finished goods inventory, ending 156,000 203,000 Print Check my work References Exercise 14-14 (Algo) Income statement preparation LO P1 Prepare an income statement for Delray Manufacturing (a manufacturer). Assume that its cost of goods manufactured is $1,247,000. Mc Graw Hill Sales DELRAY MANUFACTURING Income Statement For Year Ended December 31 $ 2,400,000 Cost of goods sold: Finished goods inventory, beginning Cost of goods manufactured Goods available for sale Less: Finished goods inventory, ending Cost of goods sold Gross profit Net income $ 169,000 169,000 169,000 2,231,000 $ 2,231,000 S ទ < Prev 13 of 14 Next >
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