Floral Place Manufacturing Calculation of Cost of Goods Sold For the Year Ended December 31, 2017 Plus: Less: Prepare an income statement for Floral Place Manufacturing for the year ended December 31, 2017 PI-IN Floral Place Manufacturing Income Statement For the Year Ended December 31, 2017 Less: Less: 0 Utilities for plant.. $ 5,100 Delivery expense.. $ 3,500 Sales salaries expense $ 4,700 Plant janitorial services.. ....$ 1,150 Work in process inventory, December 31, 2017... ... $ 2,000 Finished goods inventory, December 31, 2016 ... ... $ Finished goods inventory, December 31, 2017 ... ... $ 7,000 Sales revenue..... ... $ 101,000 Customer service hotline expense ... $ 1,700 Direct labor..... ..$ 25,000 Direct material purchases. $ 40,000 Rent on manufacturing plant. $ 8,400 Raw materials inventory, December 31, 2016........$ 19,000 Raw materials inventory, December 31, 2017... ..... $ 9,500 0 Work in process inventory, December 31, 2016 ... ... $