Paula's Posies Income Statement For the Year Ended December 31, 2016 Less: Less: Part Two: Requirement 1. Calculate the cost of Goods Manufactured for Floral Place Manufacturing for Begin by calculating the direct materials used during the year. Floral Place Manufacturing Calculation of Direct Materials Used At the end of December 2017, her accounting records show the following: nd 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 ... $ 0 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..... $ X Data Table On December 31, 2016, her accounting records show the following: Sales revenue. $ 58,000 Utilities for shop.. $ 1,200 Inventory on December 31, 2016 ... $ 10,000 Inventory on January 1, 2016 ... ...$ 12,500 Rent for shop..... $ 3,400 Sales commisions ..... .$ 4,500 Purchases of merchandise.. $ 38,500 Print Done