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The following selected account balances are provided for Delray Mfg. Sales $ 1,498,000 Raw materials inventory,...

The following selected account balances are provided for Delray Mfg.

Sales $ 1,498,000

Raw materials inventory, Dec. 31, 2016 40,000

Work in process inventory, Dec. 31, 2016 51,600

Finished goods inventory, Dec. 31, 2016 67,100

Raw materials purchases 184,300

Direct labor 223,000

Factory computer supplies used 23,100

Indirect labor 50,000

Repairs—Factory equipment 5,250

Rent cost of factory building 59,000

Advertising expense 95,000

General and administrative expenses 130,000

Raw materials inventory, Dec. 31, 2017 42,500

Work in process inventory, Dec. 31, 2017 40,500

Finished goods inventory, Dec. 31, 2017 71,300

Exercise 14-13 Preparation of schedule of cost of goods manufactured LO P2

Prepare its schedule of cost of goods manufactured for the year ended December 31, 2017.

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