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The following selected account balances are provided for Delray Mfg. Sales $ 1,145,000 Raw materials inventory, Dec. 31, 2016 41,000 Work in process inventory, Dec.

The following selected account balances are provided for Delray Mfg.

Sales $ 1,145,000
Raw materials inventory, Dec. 31, 2016 41,000
Work in process inventory, Dec. 31, 2016 53,800
Finished goods inventory, Dec. 31, 2016 62,100
Raw materials purchases 176,800
Direct labor 232,000
Factory computer supplies used 22,200
Indirect labor 57,000
RepairsFactory equipment 5,250
Rent cost of factory building 58,000
Advertising expense 105,000
General and administrative expenses 143,000
Raw materials inventory, Dec. 31, 2017 44,600
Work in process inventory, Dec. 31, 2017 44,000
Finished goods inventory, Dec. 31, 2017 68,000

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

image text in transcribed

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

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