[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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![[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
Direct materials:
Rew materials available for use
Direct materials used
$ 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
Factory overhead:
98,000
78,000
156,000
250,000
400,000
142,000
184,000
239.000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F52615ebc-3deb-446b-94e8-8fddbf33eb42%2Ff731ee73-b4b6-4781-ab6b-d9c1e238de8d%2Fobpcemf_processed.jpeg&w=3840&q=75)
Transcribed Image Text:[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
Direct materials:
Rew materials available for use
Direct materials used
$ 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
Factory overhead:
98,000
78,000
156,000
250,000
400,000
142,000
184,000
239.000
![Prepare its schedule of cost of goods manufactured for the year ended December:
+
Direct materials:
DELRAY MANUFACTURING
Schedule of Cost of Goods Manufactured
For Year Ended December 31
Raw materials available for use
Direct materials used i
Factory overhead:
Total factory overhead
Total manufacturing costs
Total cost of work in process
Cost of goods manufactured](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F52615ebc-3deb-446b-94e8-8fddbf33eb42%2Ff731ee73-b4b6-4781-ab6b-d9c1e238de8d%2Feihoor8_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Prepare its schedule of cost of goods manufactured for the year ended December:
+
Direct materials:
DELRAY MANUFACTURING
Schedule of Cost of Goods Manufactured
For Year Ended December 31
Raw materials available for use
Direct materials used i
Factory overhead:
Total factory overhead
Total manufacturing costs
Total cost of work in process
Cost of goods manufactured
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