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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,

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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 $ 1,160,000 37,000 58,300 60,600 158, 100 248,000 23,400 57,000 5,250 54,000 85,000 144,000 40,500 44,000 68,900 Prepare an income statement for Delray Manufacturing (a manufacturer). Assume that its cost of goods manufactured is $(expression error) DELRAY MANUFACTURING Income Statement For Year Ended December 31 Cost of goods sold Goods available for sale Cost of goods sold Net Income

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