Question

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.

Answer 1

DELRAY MEG Schedule of cost of Goods Manufactured For the year Ended December 31 year 1 Direct Materials Raw material begining Inventory 36,000 raw material purchases 153,600 Raw material available for use 189600 Raw material ending Inventory (48600) Total direct material used 141000 Direct Labor 235000 Factory overhead Factory supplies used (Indirect materials) 23,900 Indirect Labour 59000 Repair factory Equipment 15250 Rent cost of factory building s4,000 Total factory overhead - 142,150 Total manufacturing cost 518,150 Work in process begining Inventory Total cost of work in process 570350 Inventory wanc in process ending Inventory (98 800) To tal cost of goods manufactured - 1531,550 52200