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Required information The following selected account balances are provided for Delray Mfg. Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Factory supplies used indirect materials) Indirect labor Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory, ending Work in process inventory, ending Finished goods inventory, ending $ 1,443,000 39,000 52,000 69,500 170,200 243,000 20,600 43,000 5,250 58,000 90,000 145,000 40,200 44,300 68,300 Prepare an income statement for Delray Mfg. (a manufacturer). Prepare an income statement for Delray Mfg. (a manufacturer). DELRAY MFG. Income Statement For Year Ended December 31, Year 1 Cost of goods sold Finished goods inventory beginning Cost of goods manufactured $ 69,500 69.500 68,300 1.200 Cost of goods available for sale Less: Finished goods inventory ending Cost of goods sold Gross profit Operating expenses Advertising expense General and administrative expenses 90.000 145,000 Total operating expenses Operating income 235,000 $ (235,000) 4 Part 3 of 3 2 points eBook # Hint Required information The following information applies to the questions displayed below.) The following data is provided for Garcon Company and Pepper Company. Garcon Pepper Company Company Beginning finished goods inventory $ 13,900 $ 17,050 Beginning work in process inventory 16,600 22,200 Beginning raw materials inventory (direct materials) 7,700 9,600 Rental cost on factory equipment 29, 250 26,500 Direct labor 24,800 36,200 Ending finished goods inventory 18,500 16,200 Ending work in process inventory 28,000 17,200 Ending raw materials inventory 5,300 7,200 Factory utilities 11,250 12,500 Factory supplies used (indirect materials) 9,700 5,900 General and administrative expenses 30,000 45,500 Indirect labor 2,450 9,160 Repairs-Factory equipment 7,820 3,250 Raw materials purchases 42,500 52,500 Selling expenses 61,600 55,600 Sales 204,030 320,010 Cash 26,000 18,700 Factory equipment, net 277,500 172,825 Accounts receivable, net 16,800 23,200 Print References Required: 1. Compute the total prime costs for both Garcon Company and Pepper Company. 2. Compute the total conversion costs for both Garcon Company and Pepper Company. Complete this question by entering your answers in the tabs below. Required Required 2 Compute the total prime costs for both Garcon Company and Pepper Company. Garcon Pepper Company Company Direct materials Raw materials available for use 0 0 Direct materials used 0 0 Total prime costs S OS 0 Required Required 2 > 4 The following information applies to the questions displayed below) The following data is provided for Garcon Company and Pepper Company Part 3 of 3 2 points eBook Garcon Company Beginning finished goods inventory $ 13,900 Beginning work in process inventory 16,600 Beginning raw materials inventory (direct materials) 7,700 Rental cost on factory equipment 29,250 Direct labor 24,800 Ending finished goods inventory 18,500 Ending work in process inventory 28,000 Ending raw materials inventory 5,300 Factory utilities 11,250 Factory supplies used (indirect materials) 9,700 General and administrative expenses 30,000 Indirect labor 2,450 Repairs Factory equipment 7,920 Raw materials purchases 42,500 Selling expenses 61,600 Sales 204,030 Cash 26,000 Factory equipment, net 277,500 Accounts receivable, net 16,800 Pepper Company $ 17,050 22,200 9,600 26,500 36,200 16,200 17,200 7,200 12,500 5.900 45,500 9,160 3,250 52,500 55,600 320,010 18,700 172,825 23,200 Hint Print References Required: 1. Compute the total prime costs for both Garcon Company and Pepper Company 2. Compute the total conversion costs for both Garcon company and Pepper Company Complete this question by entering your answers in the tabs below. Required Required Garcon Compute the total conversion costs for both Garcon Company and Pepper Company, Pepper Company Company Direct labor Factory overhead Total factory overhead Total conversion costs 0 OS 0 0 Required 1 Required2