Required information Use the following information for the Exercises below. 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 $ 1,067,000 39,000 54,200 64,900 173,400 244,000 20,700 59,000 5, 250 53,000 94,000 127,000 43,800 38,300 68,900 DELRAY MFG. Income Statement For Year Ended December 31, Year 1 Sales Cost of goods sold Finished goods inventory, ending $ 64,900 $ 1,067,000 64,900 Cost of goods manufactured Cost of goods available for sale Less: Finished goods inventory, ending Cost of goods sold Gross profit Operating expenses Advertising expense General and administrative expenses Indirect labor 64,900 1,002,100 94,000 Total operating expenses 94,000 Operating income $ 908, 100 *Red text Indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted. Beck Manufacturing reports the following information in T-account form for 2019. Raw Materials Inventory Begin. Inv. 13,000 Purchases 57,000 Avail. for use 70,000 DM used 51,000 End. Inv. 19,000 Work in Process Inventory Begin. Inv. 14,600 DM used 51,000 Direct labor 28,300 Overhead 58,000 Manuf. costs 151, 900 Cost of goods manuf. 138, 800 End. Inv. 13, 100 Finished Goods Inventory Begin. Inv. 17,800 Cost of goods manuf. 138,800 Avail. for sale 156, 600 Cost of Goods Sold 136,500 End. Inv. 20,100 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the schedule of cost of goods manufactured for the year. BECK MANUFACTURING Schedule of Cost of Goods Manufactured For Year Ended December 31, 2019 Total manufacturing costs 0 Total cost of work in process 0 Cost of goods manufactured $ 0 Required 1 Required 2 > 1. Prepare the schedule of cost of goods manufactured for the year. 2. Compute cost of goods sold for the year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute cost of goods sold for the year. BECK MANUFACTURING Partial Income Statement For Year Ended December 31, 2019 Cost of goods sold Goods available for sale Cost of goods sold $ $ 0