gnment Saved Help Say 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 $ 2,350,000 Raw materials inventory, beginning 98,000 Work in process inventory, beginning 127,000 Finished goods inventory, beginning 165,000 Raw materials purchases 451,000 Direct labor 541,800 Indirect labor 81,000 Repairs-Factory equipment 65,000 Rent cost of factory building 130,000 Selling expenses 208,000 General and administrative expenses 333,000 Raw materials inventory, ending 118,000 Work in process inventory, ending 152,000 Finished goods inventory, ending 198,000 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 Prepare an income statement for Delray Manufacturing (a manufacturer). Assume that its cost of goods manufactured is $1,223,000. DELRAY MANUFACTURING Income Statement For Year Ended December 31 Cost of goods sold Goods available for sale Cost of goods sold Net Income