acc 57Using the following account balances for Delray Manufacturing, calculate Delray's Cost of Goods Manufactured.SalesBeginning inventories:19O45,000Raw materialsWork in processFinished goodsRaw materials purchasesDirect laborIndirect laborRepairs-factory equipment8,500Rent expense-factory buildingSelling expensesGeneral & administrative expense:Ending inventories:Raw materials$1,250,00046,50037,00053,90062,700175,600225,000Work in processFinished goodsCalculate the Cost of Goods ManufacturedBeck Manufacturing reports the following information in T-accounts for the current year.Raw MaterialsFinished GoodsWork in Process10,00047,00023,00057,00094,000129,30042,70041,50067,30014,00046,50027,50055,00012,000Given the information above, how much is Beck's Cost of Goods Manufactured and Cost of Goods Sold?Cost of Goods ManufacturedCost of Goods Sold16,000131,000 129,000131,00018,000

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Using the following account balances for Delray Manufacturing, calculate Delray's Cost of Goods Manufactured. Sales Beginning inventories: Raw materials Work in process Finished goods Raw materials purchases Direct labor Indirect labor Repairs-factory equipment Rent expense-factory building Selling expenses General & administrative expense: Ending inventories: Raw materials Work in process Finished goods $1,250,000 37,000 53,900 62,700 175,600 225,000 47,000 23,000 57,000 94,000 129,300 42,700 41,500 67,300

Using the following account balances for Delray Manufacturing, calculate Delray's Cost of Goods Manufactured. Sales Beginning inventories: Raw materials Work in process Finished goods Raw materials purchases Direct labor Indirect labor Repairs-factory equipment Rent expense-factory building Selling expenses General & administrative expense: Ending inventories: Raw materials Work in process Finished goods $1,250,000 37,000 53,900 62,700 175,600 225,000 47,000 23,000 57,000 94,000 129,300 42,700 41,500 67,300

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter26: Manufacturing Accounting: The Job Order Cost System

Section: Chapter Questions

Problem 2SEB: SCHEDULE OF COST OF GOODS MANUFACTURED The following information is supplied for Sanchez Welding and...

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