80.2K

Verified Solution

Link Copied!

Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completi Required information Use the following information for the Exercises below. The following selected account balances are provided for Delray Mfg. Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Factory supplies used (indirect materials) Indirect labor Repairs Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory. ending Work in process inventory, ending Finished goods inventory, ending $ 1,013,000 36,000 52,200 66,700 153,600 235,000 23,900 59,000 5,250 54,000 100,000 126.000 48,600 38,800 70,600 Exercise 14-13 Prepare schedule of cost of goods manufactured LO P2 Prepare its schedule of cost of goods manufactured for the current year ended December 31 Answer is not complete. Required information Answer is not complete. DELRAY MFG. Schedule of Cost of Goods Manufactured For Year Ended December 31, Year 1 Direct materials Direct labor 235,000 Add: Raw materials purchases Raw materials available for use 235,000 Add: Raw materials inventory, ending Direct materials used Direct labore $ 235,000 Factory overhead: Direct labor 235,000 Advertising expense Total factory overhead costs Total manufacturing costs Add: Work in process inventory, beginning Total cost of work in process Add: Work in process inventory ending 235.000 Required information 235,000 Add: Raw materials purchases Raw materials available for use Add: Raw materials inventory, ending Direct materials used Direct labor $ 235,000 Factory overhead: Direct labor 235,000 Advertising expense Total factory overhead costs Total manufacturing costs Add: Work in process inventory, beginning Total cost of work in process Add: Work in process inventory, ending Cost of goods manufactured 235,000 $ 235,000

Answer & Explanation Solved by verified expert

See Answer