Required information The following selected account balances are provided for Delray Mfg $ 1,250,000 37,000 53, 900 Sales Raw materials inventory, Dec. 31, 2016 Work in process inventory, Dec. 31, 2016 Finished goods inventory, Dec. 31, 2916 Raw materials purchases Direct labor Factory computer supplies used Indirect labor 62,750 175,600 225,000 17,840 47,000 5, 250 57,000 94,e00 Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expenses 129,300 Raw materials inventory, Dec. 31, 2017 Work in process inventory, Dec. 31, 2017 Finished goods inventory, Dec. 31, 2017 42,700 41,500 67,300 DELRAY MFG Schedule of Cost of Goods Manufactured For Year Ended December 31, 2017 Direct materials Raw materials inventory, December 31,2016 Raw materials available for use Direct materials used $ 37,000 175,600 S 212,600 Add: Raw materials purchases S 212,600 Factory overhead Total factory overhead costs Total manufacturing costs 0 212,600 Total cost of work in process Less: Work in process inventory, December 31, 2017 Cost of goods manufactured 212,600 (41,500) 171,100 Prey