Use the following information for the Exercises below. (Algo) Use the following selected account balances...
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Accounting
Use the following information for the Exercises below. (Algo)
Use the following selected account balances of Delray Manufacturing for the year ended December 31.
Sales$ 1,900,000
Raw materials inventory, beginning 80,000
Work in process inventory, beginning 104,000
Finished goods inventory, beginning 135,000
Raw materials purchases 368,000
Direct labor 442,000
Indirect labor 66,000
RepairsFactory equipment 53,000
Rent cost of factory building 106,000
Selling expenses 170,000
General and administrative expenses 272,000
Raw materials inventory, ending 96,000
Work in process inventory, ending 125,000
Finished goods inventory, ending 162,000
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