Required information
The following selected
account balances are provided for Delray Mfg.
Sales | $ | 1,250,000 |
Raw materials inventory, Dec. 31, 2016 | 37,000 | |
Work in process inventory, Dec. 31, 2016 | 53,900 | |
Finished goods inventory, Dec. 31, 2016 | 62,750 | |
Raw materials purchases | 175,600 | |
Direct labor | 225,000 | |
Factory computer supplies used | 17,840 | |
Indirect labor | 47,000 | |
Repairs—Factory equipment | 5,250 | |
Rent cost of factory building | 57,000 | |
Advertising expense | 94,000 | |
General and administrative expenses | 129,300 | |
Raw materials inventory, Dec. 31, 2017 | 42,700 | |
Work in process inventory, Dec. 31, 2017 | 41,500 | |
Finished goods inventory, Dec. 31, 2017 | 67,300 | |
Prepare its schedule
of cost of goods manufactured for the year ended December 31,
2017.
Schedule of Cost of goods manufactured
Direct material used | ||
Raw material inventory, December 31,2016 | 37000 | |
Raw material purchase | 175600 | |
Total material available | 212600 | |
Less: Raw material inventory December 31,2017 | -42700 | |
Direct material used | 169900 | |
Direct labor | 225000 | |
Factory overhead | ||
Factory computer supplies used | 17840 | |
Indirect labor | 47000 | |
Repairs—Factory equipment | 5250 | |
Rent cost of factory building | 57000 | |
Total factory overhead | 127090 | |
Total manufacturing cost | 521990 | |
Add: Work in process inventory, December 31,2016 | 53900 | |
Total cost of work in process | 575890 | |
Less: Work in process inventory December 31,2017 | -41500 | |
Cost of goods manufactured | 534390 | |
Required information The following selected account balances are provided for Delray Mfg. Sales $ 1,250,000 Raw...
Required information The following selected account balances are provided for Delray Mfg. Sales $ 1,250,000 Raw materials inventory, Dec. 31, 2016 37,000 Work in process inventory, Dec. 31, 2016 53,900 Finished goods inventory, Dec. 31, 2016 62,750 Raw materials purchases 175,600 Direct labor 225,000 Factory computer supplies used 17,840 Indirect labor 47,000 Repairs—Factory equipment 5,250 Rent cost of factory building 57,000 Advertising expense 94,000 General and administrative expenses 129,300 Raw materials inventory, Dec. 31, 2017 42,700 Work in process inventory,...
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...
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 factony 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 1,028,000 37,000 54,600 61,900 193,400...
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...
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...
The following selected account balances are provided for Delray Mfg. Sales $ 1,132,000 Raw materials inventory, Dec. 31, 2016 37,000 Work in process inventory, Dec. 31, 2016 54,100 Finished goods inventory, Dec. 31, 2016 64,400 Raw materials purchases 174,100 Direct labor 232,000 Factory computer supplies used 19,000 Indirect labor 46,000 Repairs—Factory equipment 5,250 Rent cost of factory building 51,000 Advertising expense 89,000 General and administrative expenses 132,000 Raw materials inventory, Dec. 31, 2017 49,200 Work in process inventory, Dec. 31,...
0 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 57,600...
! ! 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...