Chapter 18, Problem 13E

To determine

Concept Introduction:

Schedule of cost of goods manufactured:

Schedule of cost of goods manufactured represents the flow of costs from direct material to the product which is ready for sale. It represents the total value of inventory which is produced during the year and is available with the business as ready to sale. The cost of goods manufactured is the total amount of expenses incurred to turn work in process inventory into finished goods.

To prepare:

Schedule of cost of goods manufactured for Delray Mfg for the year ended December 31, 2015.