sales $ 1,250,000
Business, 28.01.2020 06:31 cashkidd2200
The following selected account balances are provided for delray mfg.
sales $ 1,250,000
raw materials inventory, dec. 31, 2016 37,000
work in process inventory, dec. 31, 2016 53,900
finished goods inventory, dec. 31, 2016 62,750
raw materials purchases 175,600
direct labor 225,000
factory computer supplies used 17,840
indirect labor 47,000
repairs—factory equipment 5,250
rent cost of factory building 57,000
advertising expense 94,000
general and administrative expenses 129,300
raw materials inventory, dec. 31, 2017 42,700
work in process inventory, dec. 31, 2017 41,500
finished goods inventory, dec. 31, 2017 67,300
prepare an income statement for delray mfg. (a manufacturer).
delray mfg. income statement for year ended december 31, 2017 cost of goods sold: cost of goods available for sale cost of goods sold operating expenses: total operating expenses operating income
Answers: 1
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The following selected account balances are provided for delray mfg.
sales $ 1,250,000
sales $ 1,250,000
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