Please do not give solution in image format thanku [The following information applies to the questions displayed below]Use the following selected account balances of Delray Manufacturing for the year ended December 31.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, endingWork in process inventory, endingFinished goods inventory, endingDirect materials:Rew materials available for useDirect materials used$ 2,850,000118,000153,000199,000543,000652,000Prepare its schedule of cost of goods manufactured for the year ended December 31.DELRAY MANUFACTURINGSchedule of Cost of Goods ManufacturedFor Year Ended December 31Factory overhead:98,00078,000156,000250,000400,000142,000184,000239.000 Prepare its schedule of cost of goods manufactured for the year ended December:+Direct materials:DELRAY MANUFACTURINGSchedule of Cost of Goods ManufacturedFor Year Ended December 31Raw materials available for useDirect materials used iFactory overhead:Total factory overheadTotal manufacturing costsTotal cost of work in processCost of goods manufactured

Cost of Goods manufactured by adding Material purchase, Direct Labour and Factory overheads.

[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 inventery, ending Direct materials: Rew materials available for use $ 2,850,000 118,000 153,000 199,000 543,000 652,000 Prepare 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 Factory overhead: 98,000 78,000 156,000 250,000 400,000 142,000 184,000 239,000

[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 inventery, ending Direct materials: Rew materials available for use $ 2,850,000 118,000 153,000 199,000 543,000 652,000 Prepare 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 Factory overhead: 98,000 78,000 156,000 250,000 400,000 142,000 184,000 239,000

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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