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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
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
Transcribed Image Text: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
Transcribed Image Text: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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