! 2 Part 1 of 2 8.012942 Required information [The following information applies to the questions displayed below.) Use the following selected account balances of Delray Manufacturing for the year ended December 31, Sales $ 2,300,000 Raw materials inventory, beginning 96,000 Work in process inventory, beginning 125,000 Finished goods inventory, beginning 163,000 Raw materials purchases 442,000 Direct labor 530,000 Indirect labor 80,000 Repairs-Factory equipment 64,000 Rent cost of factory building 128,000 Selling expenses 205,000 General and administrative expenses 328,000 Raw materials inventory, ending 115,000 Work in process inventory, ending 150,000 Finished goods inventory, ending 196,000 Prepare its schedule of cost of goods manufactured for the year ended December 31. DELRAY MANUFACTURING Schedule of Cost of Goods Manufactured For Year Ended December 31 Direct materials: Raw materials available for use Direct materials used Factory Overhead Total factory overhead Total manufacturing costs Total cost of work in process Cost of goods manufactured