Chapter 14 Homework 6 Saved Help Save & Exit Submit Check my work 4 Required inf

Question

Chapter 14 Homework 6 Saved Help Save & Exit Submit Check my work 4 Required information The following selected account balances are provided for Delray Mfg. 12.5 polnts Sales Raw materials inventory, Dec. 31, 2016 Work in process inventory, 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 i Finished goods inventory, Dec. 31, 2017 $ 1,427,880 41,080 55,180 67,880 189,888 225,000 24,000 58,080 5,250 58,000 82,000 126,000 41.480 39,780 67,980 Dec. 31, 2016 Skipped cBook Hint Print References n process inventory, Dec. 31, 2017 Prepare its schedule of cost of goods manufactured for the year ended December 31, 2017 DELRAY MFG Mc Graw Hill Prev 4 of 4 Next >

Explanation / Answer

Schedule of cost of goods manufactured :

Beginning work in process 55100 Direct material used Beginning raw material inventory 41000 Raw material purchase 189000 Less: Ending raw material (41400) Direct material used 188600 Direct labour 225000 Manufacturing overhead Indirect labour 58000 Factory supplies used 24000 Repairs 5250 Rent cost 58000 Total manufacturing overhead 145250 Total manufacturing cost 558850 Total cost of work in process 613950 Less: Ending work in process (39700) Cost of goods manufactured 574250

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