Required information [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 Direct labor Indirect labor Repairs-Factory equipment Rent cost of factory building Selling expenses General and administrative expenses Raw materials inventory, ending Work in process inventory, ending Finished goods inventory, ending $ 2,700,000 112,000 146,000 190,000 515,000 618,000 93,000 74,000 148,000 237,000 379,000 134,000 175,000 228,000
Required information [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 Direct labor Indirect labor Repairs-Factory equipment Rent cost of factory building Selling expenses General and administrative expenses Raw materials inventory, ending Work in process inventory, ending Finished goods inventory, ending $ 2,700,000 112,000 146,000 190,000 515,000 618,000 93,000 74,000 148,000 237,000 379,000 134,000 175,000 228,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Required information
[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
Direct labor
Indirect labor
Repairs-Factory equipment
Rent cost of factory building
Selling expenses
General and administrative expenses
Raw materials inventory, ending
Work in process inventory, ending
Finished goods inventory, ending
rect materials:
Raw materials available for use
epare 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 used
actory overhead:
tal factory overhead
tal manufacturing costs
$ 2,700,000
112,000
146,000
190,000
515,000
618,000
tal cost of work in process
ost of goods manufactured
93,000
74,000
148,000
237,000
379,000
134,000
175,000
228,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F717ad7aa-6db6-4680-8ef2-b7afe96da5d8%2F369b6ee0-a3a5-4120-98b5-802695092edd%2Fz8ehkj_processed.png&w=3840&q=75)
Transcribed Image Text:Required information
[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
Direct labor
Indirect labor
Repairs-Factory equipment
Rent cost of factory building
Selling expenses
General and administrative expenses
Raw materials inventory, ending
Work in process inventory, ending
Finished goods inventory, ending
rect materials:
Raw materials available for use
epare 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 used
actory overhead:
tal factory overhead
tal manufacturing costs
$ 2,700,000
112,000
146,000
190,000
515,000
618,000
tal cost of work in process
ost of goods manufactured
93,000
74,000
148,000
237,000
379,000
134,000
175,000
228,000
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