Required information

The following selected account balances are provided for Delray Mfg.

Sales	$	1,224,000
Raw materials inventory, beginning		39,000
Work in process inventory, beginning		54,500
Finished goods inventory, beginning		69,100
Raw materials purchases		193,700
Direct labor		223,000
Factory supplies used (indirect materials)		23,700
Indirect labor		54,000
RepairsFactory equipment		5,250
Rent cost of factory building		56,000
Advertising expense		101,000
General and administrative expenses		142,000
Raw materials inventory, ending		48,600
Work in process inventory, ending		41,200
Finished goods inventory, ending		74,100

Prepare its schedule of cost of goods manufactured for the current year ended December 31.

Prepare an income statement for Delray Mfg. (a manufacturer).