Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Use the following selected account balances of Delray Manufacturing for the year ended December 31. Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Indirect labor $ 2,850,000 118,000 153,000 199,000 543,000 652,000 98,000 Repairs-Factory equipment 78,000 Rent cost of factory building 156,000 Selling expenses 250,000 General and administrative expenses 400,000 Raw materials inventory, ending 142,000 Work in process inventory, ending Finished goods inventory, ending 184,000 239,000 Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Use the following selected account balances of Delray Manufacturing for the year ended December 31. Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Indirect labor $ 2,850,000 118,000 153,000 199,000 543,000 652,000 98,000 Repairs-Factory equipment 78,000 Rent cost of factory building 156,000 Selling expenses 250,000 General and administrative expenses 400,000 Raw materials inventory, ending 142,000 Work in process inventory, ending Finished goods inventory, ending 184,000 239,000