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 $ 2,700,000 112,000 146,000 190,000 515,000 618,000 93,000 74,000 148,000 237,000 379,000 134,000 175,000 228,000 Prepare its schedule of cost of goods manufactured for the year ended December 31.

College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter26: Manufacturing Accounting: The Job Order Cost System
Section: Chapter Questions
Problem 2SEA: SCHEDULE OF COST OF GOODS MANUFACTURED The following information is supplied for Maupin...
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Direct materials:
Raw materials inventory, beginning
Add: Raw materials purchases
Raw materials available for use
Less: Raw materials inventory, ending
Direct materials used
Direct labor
Factory overhead:
Indirect labor
Repairs-Factory equipment
Rent cost of factory building
DELRAY MANUFACTURING
Schedule of Cost of Goods Manufactured
For Year Ended December 31
Total factory overhead
Total manufacturing costs
Add: Work in process inventory, beginning
Total cost of work in process
Less: Work in process inventory, ending
Cost of goods manufactured
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Transcribed Image Text:k t k int rences Mc Graw Hill sunny W Direct materials: Raw materials inventory, beginning Add: Raw materials purchases Raw materials available for use Less: Raw materials inventory, ending Direct materials used Direct labor Factory overhead: Indirect labor Repairs-Factory equipment Rent cost of factory building DELRAY MANUFACTURING Schedule of Cost of Goods Manufactured For Year Ended December 31 Total factory overhead Total manufacturing costs Add: Work in process inventory, beginning Total cost of work in process Less: Work in process inventory, ending Cost of goods manufactured # M E $ 4 101 R fs % 5 T () $ 112,000 515,000 $ 627,000 134,000 93,000 74,000 148,000 Q Search > $ $ & 315,000 1,426,000 146,000 1,572,000 175,000 $ 1,397,000 4- < Prev 493,000 618,000 7 4+ 11 12 of 13 CO 8 HA Next > C
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Required information
[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
how ma
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:
Raw materials inventory, beginning
Add: Raw materials purchases
*
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
14
O
16
$ 2,700,000
112,000
146,000
190,000
515,000
618,000
93,000
74,000
148,000
237,000
$
112,000
515,000
Q Search
379,000
134,000
175,000
228,000
17
< Prev
C-
NO
11
Saved
4+
S
12
to
of 13
#
www
Next >
411
DRI
Transcribed Image Text:mework i ces W 3 ! Required information [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 how ma 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: Raw materials inventory, beginning Add: Raw materials purchases * 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 14 O 16 $ 2,700,000 112,000 146,000 190,000 515,000 618,000 93,000 74,000 148,000 237,000 $ 112,000 515,000 Q Search 379,000 134,000 175,000 228,000 17 < Prev C- NO 11 Saved 4+ S 12 to of 13 # www Next > 411 DRI
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