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The following selected account balances are provided for Deray Mily. $1,875,800 73,888 Sales Raw materials inventory. Dec. 31, 2016 Work in process inventory, Dec. 31,

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The following selected account balances are provided for Deray Mily. $1,875,800 73,888 Sales Raw materials inventory. Dec. 31, 2016 Work in process inventory, Dec. 31, 2016 Finished goods inventory. Dec. 31, 2016 Ran saterials purchases Direct labor Factory computer supplies used Indirect labor Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory, Dec. 31, 2017 Work in process inventory. Dec. 31, 2017 Finished goods inventory, Dec. 31, 2017 56,028 131, see 81, BBB 42,280 67,280 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. Schedule of Cost of Goods Manufactured For Year Ended December 31, 2017 Direct materials Raw materials available for use Direct materials used Total factory overhead costs Total manufacturing costs Total cost of work in process Exercise 18-14 Income statement preparation LO P2 Prepare an income statement for Delray Mfg. (a manufacturer). TETETETTHETETT DELRAY MFG. come Statem For Year Ended December 31, 2017 Cost of goods sold Cost of goods available for sale Cost of goods sold Operating expenses TI TUTTI Total operating expenses Operating income

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