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 $ 1,039,000 41,000 59,800 60,400 160,700 234,000 17,700 55,000 5,250 59,000 86,000 137,000 43,600 43,700 66,500 Prepare its schedule of cost of goods manufactured for the current year ended December 31. Direct materials DELRAY MFG. Schedule of Cost of Goods Manufactured For Year Ended December 31, Year 1. 3 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 0 $ 0 0 0 0 0 Cost of goods sold DELRAY MFG. Income Statement For Year Ended December 31, Year 1 Cost of goods available for sale 0 Cost of goods sold Operating expenses Total operating expenses Operating income S 0 0