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(c) Dec. 31 d. (d) Dec. 31
(c) Dec. 31 d. (d) Dec. 31
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The following selected account balances are provided for Delray Mfg.
Ā | Ā | |
Sales | $ | 1,250,000 |
Raw materials inventory, Dec. 31, 2016 | Ā | 37,000 |
Work in process inventory, Dec. 31, 2016 | Ā | 53,900 |
Finished goods inventory, Dec. 31, 2016 | Ā | 62,750 |
Raw materials purchases | Ā | 175,600 |
Direct labor | Ā | 225,000 |
Factory computer supplies used | Ā | 17,840 |
Indirect labor | Ā | 47,000 |
RepairsāFactory equipment | Ā | 5,250 |
Rent cost of factory building | Ā | 57,000 |
Advertising expense | Ā | 94,000 |
General and administrative expenses | Ā | 129,300 |
Raw materials inventory, Dec. 31, 2017 | Ā | 42,700 |
Work in process inventory, Dec. 31, 2017 | Ā | 41,500 |
Finished goods inventory, Dec. 31, 2017 | Ā | 67,300 |
Prepare an income statement for Delray Mfg. (a manufacturer).
Ā