Required information

Use the following information for the Exercises below.

The following selected account balances are provided for Delray Mfg.

Sales	$	1,461,000
Raw materials inventory, Dec. 31, 2016		36,000
Work in process inventory, Dec. 31, 2016		50,700
Finished goods inventory, Dec. 31, 2016		68,900
Raw materials purchases		178,800
Direct labor		246,000
Factory computer supplies used		24,100
Indirect labor		47,000
RepairsFactory equipment		5,250
Rent cost of factory building		58,000
Advertising expense		95,000
General and administrative expenses		135,000
Raw materials inventory, Dec. 31, 2017		40,000
Work in process inventory, Dec. 31, 2017		40,200
Finished goods inventory, Dec. 31, 2017		71,300

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.

Required information

Use the following information for the Exercises below.

The following selected account balances are provided for Delray Mfg.

Sales	$	1,461,000
Raw materials inventory, Dec. 31, 2016		36,000
Work in process inventory, Dec. 31, 2016		50,700
Finished goods inventory, Dec. 31, 2016		68,900
Raw materials purchases		178,800
Direct labor		246,000
Factory computer supplies used		24,100
Indirect labor		47,000
RepairsFactory equipment		5,250
Rent cost of factory building		58,000
Advertising expense		95,000
General and administrative expenses		135,000
Raw materials inventory, Dec. 31, 2017		40,000
Work in process inventory, Dec. 31, 2017		40,200
Finished goods inventory, Dec. 31, 2017		71,300

Exercise 18-14 Income statement preparation LO P2

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