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2.00 points Following are the selected account balances of Delray Sales $1,363,000 Raw materials inventory, Dec. 31, 2014 36,000 Work in process inventory, Dec. 31,
2.00 points Following are the selected account balances of Delray Sales $1,363,000 Raw materials inventory, Dec. 31, 2014 36,000 Work in process inventory, Dec. 31, 2014 57,100 Finished goods inventory, Dec. 31, 2014 64,200 Raw materials purchases 187,400 Direct labor 223,000 Factory computer supplies used 22,900 Indirect labor 42,000 Repairs-Factory equipment 5,250 Rent cost of factory building 57,000 Advertising expense 103,000 General and administrative expenses 127,000 Raw materials inventory, Dec. 31, 2015 40,900 Work in process inventory, Dec. 31, 2015 46,100 Finished goods inventory, Dec. 31, 2015 69,700 Prepare an income statement for Delray Mfg (a manufacturer). Assume that its cost of goods manufactured is $543.650. DELRAY MFG. Income Statement For Year Ended December 31, 2015 Cost of goods sold Cost of goods available for sale Cost of goods sold Operating expenses
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