Required information The following selected account balances are provided for Delray Mfg. 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 $1,250,000 37,000 53,900 62,750 175,600 225,000 17,840 47,000 5,250 57,000 94,000 129, 300 42,700 41,500 67, 300 DELRAY MFG. Schedule of Cost of Goods Manufactured For Year Ended December 31, Year 1 Direct materials: Raw materials inventory, beginning Add: Raw materials purchases Raw materials available for use $ Less: Raw materials inventory, ending Direct materials used Direct labor 0 $ 0 Factory overhead: Factory supplies used Indirect labor Repairs-Factory equipment Rent cost of factory building 5 $ $ 0 0 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 0 $ 0