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 $1,250,000 37,000 53,900 62,750 175,600 225,000 17,840 47,000 5,250 57,000 94,000 129,300 42,700 41,500 67,300 Prepare its schedule of cost of goods manufactured for the current year ended December 31. DELRAY MFG Schedule of Cost of Goods Manufactured For Year Ended December 31, Year 1 Direct materials: Raw materials available for use Direct materials used MacBook Air F2 80 000 F3 000 F4 11 F7 @ $ 1 % 3 & DELRAY MFG Schedule of Cost of Goods Manufactured For Year Ended December 31, Year 1 Direct materials: 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 MacBook Ain 80 GOO FA * # 3 2 A $ 4 % 5 6 & 7 8 14/ Prepare an income statement for Delray Mfg. (a manufacturer). DELRAY MFG. Income Statement For Year Ended December 31, Year 1 Cost of goods sold: Cost of goods available for sale Cost of goods sold Operating expenses: Total operating expenses Operating income