Hers Chec 1 ! Required information Part 1 of 2 The following selected account balances are provided for Delray Mfg. 10 points eBook Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Factory supplies used (indirect materials) Indirect labor Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory, ending Work in process inventory, ending Finished goods inventory, ending $ 1,247,000 43,000 50,700 63,200 196,400 237,000 20,400 57,000 5,250 56,000 87,000 143,000 46,200 45,800 65,800 Hint References Prepare its schedule of cost of goods manufactured for the current year ended December 31. Prepare its schedule of cost of goods manufactured for the current year ended December 31. DELRAY MFG. Schedule of Cost of Goods Manufactured For Year Ended December 31, Year 1 Direct materials Raw materials inventory, beginning $ 43,000 Add: Raw materials purchases 196,400 Raw materials available for use 239,400 Less: Raw materials inventory, ending Direct materials used Direct labor $ 239,400 237,000 Factory overhead: Factory supplies used Indirect labor RepairsFactory equipment Rent cost of factory building 20,400 57,000 5,250 56,000 138,650 615,050 50,700 Total factory overhead costs Total manufacturing costs Add: Work in process inventory, beginning Total cost of work in process Less: Work in process inventory, ending Cost of goods manufactured 665,750 45,800 $ 619,950