Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Factory supplies used (indirect materials) Indirect labor Repairs-Factory equipment Rent cost of factory building 666 37,000 59,700 65,200 189,900 247,000 24,300 56,000 5,250 58,000

Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Factory supplies used (indirect materials) Indirect labor Repairs-Factory equipment Rent cost of factory building 666 37,000 59,700 65,200 189,900 247,000 24,300 56,000 5,250 58,000

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 19MC: In a process cost system, factory depreciation expense incurred is debited to _____________________....

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Exercise 14-13 Prepare schedule of cost of goods manufactured LO P2
Prepare its schedule of cost of goods manufactured for the current year ended December 31.
Direct materials
DELRAY MFG.
Schedule of Cost of Goods Manufactured
For Year Ended December 31, Year 1
Raw materials available for use
Direct materials used
Factory overhead:
Total factory overhead costs
Total manufacturing costs
Total cost of work in process
Cost of goods manufactured

The following selected account balances are provided for Delray Mfg.
Sales
Raw materials inventory, beginning
Work in process inventory, beginning
Finished goods inventory, beginning
Raw materials purchases
Direct labor
Factory supplies used (indirect materials)
Indirect labor
Repairs-Factory equipment
Rent cost of factory building
Advertising expense
General and administrative expenses
Raw materials inventory, ending
Work in process inventory, ending
Finished goods inventory, ending
Direct materials
DELRAY MFG.
Schedule of Cost of Goods Manufactured
For Year Ended December 31, Year 1
Raw materials available for use
$ 1,060,000
37,000
59,700
65,200
189,900
247,000
Exercise 14-13 Prepare schedule of cost of goods manufactured LO P2
Prepare its schedule of cost of goods manufactured for the current year ended December 31.
Direct materials used
24,300
56,000
5,250
58,000
109,000
134,000
43,600
44,700
68,000

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