Please fill out every field and all the options are in the picture . Required in
ID: 2513415 • Letter: P
Question
Please fill out every field and all the options are in the picture .Required information The following selected account balances are provided for Delray Mfg Sales Raw materials inventory, Dec. 31, 2016 $1,472, 000 37, 000 58, 400 68, 400 192, 800 244, 000 23, 300 42, 000 5, 250 50, 000 97,000 Work in process inventory, Dec. 31, 2016 Finished goods inventory, Dec. 31, 2016 Raw materials purchases Direct labor Factory computer supplies used Indirect labor Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory, Dec. 31, 2017 Work in process inventory, Dec. 31, 2017 132, 000 40, 100 39, 900 68, 400 Finished goods inventory, Dec. 31, 2017 Prepare its schedule of cost of goods manufactured for the year ended December DELRAY MFG. Schedule of Cost of Goods Manufactured
Explanation / Answer
Prepare schedule of cost of goods manufactured :
Beginning work in process 58400 Beginning raw material 37000 Add: Raw material purchase 192800 Total raw material available 229800 Less: Ending raw material (40100) Raw material used in production 189700 Direct labour 244000 Manufacturing overhead Factory computer supplies used 23300 Indirect labour 42000 Repairs-factory equipment 5250 Rent cost for factory building 50000 Total Manufacturing overhead 120550 Total manufacturing cost 554250 Total cost of work in process 612650 Less: Ending work in process (39900) Cost of goods manufactured 572750