ded Homework Ch$14$

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$[$The following information applies to the questions displayed below.$]$

Use the following selected account balances of Delray Manufacturing for th

$2$ of $2$

Sales

$$1,250,000$

Raw materials inventory, beginning

$37,000$

Work in process inventory, beginning

$53,900$

Finished goods inventory, beginning

$62,700$

Raw materials purchases

$175,600$

Direct labor $225,000$

Indirect labor $47,000$

Repairs$-$Factory equipment $23,000$

Rent cost of factory building $57,000$

Selling expenses $94,000$

General and administrative expenses $129,300$

Raw materials inventory, ending $42,700$

Work in process inventory, ending $41,500$

Finished goods inventory, ending

$67,300$

Prepare an income statement for Delray Manufacturing $($a manufacturer$).$ Assume

$\backslash$table$[[$DELRAY MANUFACTURING,,$],[$Income Statement,,$],[$For Year Ended December $31,,],[$Cost of goods sold:,,$],[,,],[,,],[$Goods available for sale,,$],[,,],[$Cost of goods sold,,$],[,,],[,,],[,,],[,,]]$