I need help with my assignment please
Thank you
Delray Mfg. | ||
Schedule of Cost of Goods Manufactured | ||
For Year Ended Dec. 31, 2015 | ||
Direct materials | ||
Beginning direct materials | $38,000 | |
Cost of direct materials purchased | $180,800 | |
Direct materials available for use | $218,800 | |
Less: Raw materials at END | $40,700 | |
Direct materials used | $178,100 | |
Direct labor | $246,000 | |
Factory Overhead | ||
Factory computer supplies used | $17,500 | |
Indirect labor | $46,000 | |
Repairs-Factory equipment | $5,250 | |
Rent cost of factory building | $51,000 | |
Advertising expense | $94,000 | |
General and admin. Expenses | $135,000 | |
Total factory overhead costs | $348,750 | |
Total manufacturing costs | $772,850 | |
Add: Beginning work-in-process | $55,200 | |
Total cost of work in process | $828,050 | |
Less: Ending work-in-process | $40,100 | |
Cost of goods manufactured | $787,950 | |
I need help with my assignment please Thank you Exercise 1-13 Preparation of schedule of cost...
I need help with my assignment please.. Thank you Exercise 1-14 Income statement preparation LO P2 Following are the selected account balances of Delray Mfg. Sales Raw materials inventory, Dec. 31, 2014 Work in process inventory, Dec. 31, 2014 Finished goods inventory, Dec 31, 2014 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, 2015 Work in process inventory, Dec....
1) 2) Required information The following selected account balances are provided for Delray Mfg. Sales Raw materials inventory, Dec. 31, 2016 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 Finished goods inventory, Dec. 31, 2017 $ 1,250,000 37,000...
Saved ework Required information The following selected account balances are provided for Delray Mfg. Sales Raw materials inventory, Dec. 31, 2016 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 Finished goods inventory, Dec. 31, 2017 $ 1,367,000 44,000...
Required information The following selected account balances are provided for Delray Mfg. Sales Raw materials inventory, Dec. 31, 2016 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 Pinished goods inventory. Dec. 31, 2017 $1,143,000 37,000 53,200 60,400 169,800...
Required information Use the following information for the Exercises below. The following selected account balances are provided for Delray Mfg. Sales Raw materials inventory, Dec. 31, 2016 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 Finished goods inventory,...
Required information Use the following information for the Exercises below. The following selected account balances are provided for Delray Mfg Sales $ 1,162,000 37,000 54,300 68,400 173,800 250,000 23,100 59,000 5,250 56,000 93,000 133,000 48,600 47,600 71,500 Raw materials inventory, Dec. 31, 2016 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...
ezto.h uuldLIUICUM .LPA Sales Raw materials inventory, Dec 31, 2014 Work in process inventory, Dec 31, 2014 Finished goods inventory, Dec 31, 2014 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, 2015 Work in process inventory, Dec 31, 2015 Finished goods inventory, Dec 31, 2015 $1,250,000 37,000 53.900 62.750 175,600 225,000 17,840 47,000 5,250 57.000 94,000 129,300 42,700 41,500...
Required information The following selected account balances are provided for Delray Mfg. Sales Raw materials inventory, Dec. 31, 2016 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 Finished goods inventory, Dec. 31, 2017 $ 1,387,000 39,000 59,200 69,900...
Need help preparing the schedule of cost of goods manufactured for the current year ended December 31. 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 $...
Required information The following selected account balances are provided for Delray Mfg. Sales Raw materials inventory, Dec. 31, 2016 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 Finished goods inventory, Dec. 31, 2017 $ 1,143,000 40,000 50,800 65,100...