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 $ 1,423,000 38,000 58,800 61,200 182,000 235,000 22,800 52,000 5,250 56,000 94,000 138,000 44,800 40,100 67,100 epare an income statement for Delray Mfg. (a manufacturer). DELRAY MFG. $ 1,423,000 Income Statement For Year Ended December 31, Year 1 ales ost of goods sold Finished goods inventory, beginning Cost of goods manufactured 61,200