5 Part 1 of 2 points eBook Hint Print Required information Use the following information for the Exercises below. (Algo) [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 Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Indirect labor $ 1,200,000 52,000 68,000 88,000 239,000 Direct labor 287,000 43,000 Repairs-Factory equipment 34,000 Rent cost of factory building 68,000 Selling expenses 109,000 General and administrative expenses 174,000 Raw materials inventory, ending 62,000 Work in process inventory, ending 82,000 Finished goods inventory, ending 106,000 References Exercise 14-13 (Algo) Preparing schedule of cost of goods manufactured LO P2 Prepare its schedule of cost of goods manufactured for the year ended December 31. 5 1 Part 1 of 2 Exercise 14-13 (Algo) Preparing schedule of cost of goods manufactured LO P2 Prepare its schedule of cost of goods manufactured for the year ended December 31. points Direct materials: DELRAY MANUFACTURING Schedule of Cost of Goods Manufactured For Year Ended December 31 eBook Raw materials available for use $ 0 Hint Direct materials used Print References Factory overhead: Total factory overhead Total manufacturing costs Total cost of work in process Cost of goods manufactured $ 0 $ 0 0 0 $ 0 2 Work in process inventory, ending Finished goods inventory, ending 82,000 106,000 5 Part 2 of 2 points Exercise 14-14 (Algo) Income statement preparation LO P1 Prepare an income statement for Delray Manufacturing (a manufacturer). Assume that its cost of goods manufactured is $647,000. eBook Hint Cost of goods sold: Goods available for sale Print Cost of goods sold References Net income DELRAY MANUFACTURING Income Statement For Year Ended December 31 0 0 0