Homework Answers
preparing schedule of cost of goods manufactured
| Particular | amount ($) | amount ($) |
| Direct material | ||
| RAW MATERIAL beginning | 37000 | |
| + Purchases of Raw material | 162400 | |
| Raw material available for use | 199400 | |
| (-) Raw material ending inventory | (49800) | |
| Direct material used | 149600 | |
| Direct labour | 220000 | |
| Factory OVERHEAD | ||
| Factory supplies used (indirect) | 15200 | |
| Indirect labour | 44000 | |
| Repairs factory equipment | 5250 | |
| Rent cost of factory building | 56000 | |
| Total factory OVERHEAD | 120450 | |
| Total Manufacturing cost | 490050 | |
| +Beginning work in process | 51500 | |
| Total cost of work in process | 541550 | |
| (-) ending work in process | (39200) | |
| Cost of goods manufactured | 502350 |
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Required information Use the following information for the Exercises below. The following selected account balances are...
Required information Use the following information for the Exercises below. The following selected account balances are...
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 1,126,000 37,000 51,500 69,000 162,400 220,000 15,...
Required information Use the following information for the Exercises below. The following selected account balances are...
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...
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...
Required information The following selected account balances are provided for Delray Mfg. $ Sales Raw materials...
Required information 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 1,275,000 42,000 51,600 66,000 167,000 226,000 16,600 41,000 5,250 53,000 98,000 138,000 46,900 47,200 67,900...
Required information The following selected account balances are provided for Delray Mfg. $ Sales Raw materials...
Required information 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 1,469,000 38,000 53,100 61,000 158,800 241,000 24,000 47,000 5,250 53,000 105,000 135,000 41,000 44,300 71,700...
Required information The following selected account balances are provided for Delray Mfg. $ Sales Raw materials...
Required information 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 1,153,000 42,000 55,500 64,200 158,600 226,000 16,800 54,000 5,250 56,000 87,000 128,000 44,400 39,600 70,400...
Required information The following selected account balances are provided for Delray Mfg. $ 1,152,000 38, 000...
Required information The following selected account balances are provided for Delray Mfg. $ 1,152,000 38, 000 57,800 63,100 152,200 228,000 16,600 54, 000 5,250 53,000 109, 000 129, 000 43,000 39,900 69, 000 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,...
Required information The following selected account balances are provided for Delray Mfg. $ Sales Raw materials...
Required information 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 1,313,000 41,000 50,500 61,500 176, 100 243,000 17,500 45,000 5,250 52,000 100,000 127,000 48,000 42,600...
Required Information Use the following information for the Exercises below. The following selected account balances are...
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 The following selected account balances are provided for Delray Mfg. $ Sales Raw materials...
Required information 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 1,020,000 39,000 60,000 60,900 191, 100 239,000 23,400 55,000 5,250 55,000 89,000 142,000 42,200 38,200...
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 1,126,000 37,000 51,500 69,000 162,400 220,000 15,...
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...
Required information 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 1,275,000 42,000 51,600 66,000 167,000 226,000 16,600 41,000 5,250 53,000 98,000 138,000 46,900 47,200 67,900...
Required information 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 1,469,000 38,000 53,100 61,000 158,800 241,000 24,000 47,000 5,250 53,000 105,000 135,000 41,000 44,300 71,700...
Required information 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 1,153,000 42,000 55,500 64,200 158,600 226,000 16,800 54,000 5,250 56,000 87,000 128,000 44,400 39,600 70,400...
Required information The following selected account balances are provided for Delray Mfg. $ 1,152,000 38, 000 57,800 63,100 152,200 228,000 16,600 54, 000 5,250 53,000 109, 000 129, 000 43,000 39,900 69, 000 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,...
Required information 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 1,313,000 41,000 50,500 61,500 176, 100 243,000 17,500 45,000 5,250 52,000 100,000 127,000 48,000 42,600...
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 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 1,020,000 39,000 60,000 60,900 191, 100 239,000 23,400 55,000 5,250 55,000 89,000 142,000 42,200 38,200...
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