Reference no: EM132819493
The following selected account balances are provided for Delray Mfg.
Sales $1,066,000
Raw materials inventory, beginning 39,000
Work in process inventory, beginning 55,500
Finished goods inventory, beginning 69,600
Raw materials purchases 175,900
Direct labor 236,000
Factory supplies used (indirect materials) 21,300
Indirect labor 41,000
Repairs-Factory equipment 5,250
Rent cost of factory building 59,000
Advertising expense 103,000
General and administrative expenses 143,000
Raw materials inventory, ending 40,200
Work in process inventory, ending 41,900
Finished goods inventory, ending 67,600
Problem 1: Prepare its schedule of cost of goods manufactured for the current year ended December 31.
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Construct schedule of cost of goods manufactured
: Raw materials inventory, beginning 39,000. Prepare its schedule of cost of goods manufactured for the current year ended December 31.
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