Please do not give solution in image format thanku SalesRaw materials inventory, beginningWork in process inventory, beginningFinished goods inventory, beginningRaw materials purchasesDirect laborIndirect laborRepairs-Factory equipmentRent cost of factory buildingSelling expensesGeneral and administrative expensesRaw materials inventory, ending.Work in process inventory, endingFinished goods inventory, endingDirect materialsPrepare its schedule of cost of goods manufactured for the year ended December 31.DELRAY MANUFACTURINGSchedule of Cost of Goods ManufacturedFor Year Ended December 31Raw materials available for useDirect materials usedFactory overhead$ 2,150,00090,000117,000152,000414,000497,00075,00060,000120,000192,000307,000$108,000140,000182,0000$0 Use the following selected account balances of Delray Manufacturing for the year ended December 31SalesRaw materials inventory, beginningWork in process inventory, beginningFinished goods inventory, beginningRaw materials purchasesDirect laborIndirect laborRepairs-Factory equipmentRent cost of factory buildingSelling expensesGeneral and administrative expensesRaw materials inventory, endingWork in process inventory, endingFinished goods inventory, endingDELRAY MANUFACTURINGIncome StatementFor Year Ended December 31Cost of goods soldFinished goods inventory, beginningCost of goods manufactured iGoods available for sale$ 2,150,00090,000117,000152,000414,000497,000Prepare an income statement for Delray Manufacturing (a manufacturer). Assume that its cost of goods manufactured is $1,125,00075,00060,000120,000192,000307,000108,000140,000182,0000

The cost of goods sold includes the total cost of goods that are sold during the period. The cost of…

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 $ 2,150,000 90,000 117,000 152,000 414,000 497,000 75,000 60,000 120,000 192,000 307,000 108,000 140,000 182,000 Prepare its schedule of cost of goods manufactured 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 $ 2,150,000 90,000 117,000 152,000 414,000 497,000 75,000 60,000 120,000 192,000 307,000 108,000 140,000 182,000 Prepare its schedule of cost of goods manufactured for the year ended December 31.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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