Required information Use the following information for the Exercises below. The following selected account balances are provided for Delray Mfg. Balea Raw materials inventory, Dee. 31, 2016 Work in process inventory, Dec. 31. 2016 Finished goods inventory. Dec 31, 2016 Raw materials purchases Direct labor Factory computer supplied Indirect labor Nepairs-Factory equipment tant cost of factory building Mvertising expense Ceneral and dinistrative expenses Raw materials inventory. Dec. 11. 2017 Work in process inventory. Dec. 11. 2017 Finished goods Inventory. Dec 31, 2017 31,316,000 40,000 53,200 67,200 175,200 205,000 15,500 45.000 5.250 50.000 92,000 125.000 48.500 41.700 57,650 Exercise 18-13 Preparation of schedule of cost of goods manufactured LO P2 Prepare its schedule of cost of goods manufactured for the year ended December 31, 2017 DELRAY MFG Sichedule of Cost of Goods Manufactured For Year Ended December 31, 2017 Direct material Raw materials available for use Direct materials used Factory overhead: Total factory overhead costs Total manufacturing costs Total cost of work in process Cost of goods manufactured Exercise 18-14 Income statement preparation LO P2 Prepare an income statement for Delray Mfg. (a manufacturer). DELRAY MFG. Income Statement For Year Ended December 31, 2017 Cost of goods sold Cost of goods available for sale Cost of goods sold Operating expenses Total operating expenses Operating income