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 Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Indirect labor $ 2,500,000 104,000 135,000 176,000 478,000 574,000 86,000 Repairs-Factory equipment 69,000 Rent cost of factory building 138,000 Selling expenses 221,000 General and administrative expenses 354,000 Raw materials inventory, ending 125,000 Work in process inventory, ending 162,000 Finished goods inventory, ending 211,000