Question

need help please
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 $ 1,175,000 41,000 51,000 63,000 182,100 228,000 22,400 43,000 5, 250 52,000 84,000 134,000 45,800 47,100 68,500

Answer 1

Statement of cost of goods manufacture

Direct material :
Raw material inventory, beginning	41,000
Add : Raw material purchase	182,100
Raw material available for use	223,100
Less : Raw material inventory, ending	-45,800
Direct material used		177,300
Direct labor		228,000
Factory overheads :
factory supplies used	22,400
Indirect labor	43,000
Repairs - factory equipment	5,250
Rent cost of factory building	52,000
Total factory overheads cost		122,650
Total manufacturing cost		527,950
Add : Work in process, beginning		51,000
Less : Work in process, ending		-47,100
Cost of goods manufactured		$531,850