Required Information Use the following information for the Exercises below. The following selected account balances are provided for Delray Mfg. Sales Raw materials inventory, Dec. 31, 2016 Work in process inventory, Dec. 31, 2016 Finished goods inventory, Dec. 31, 2016 Raw materials 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 $ 1,292, 38,00 54,00 61,400 163, 100 222,000 15,300 53,00 5.250 51, 87.00 128.00 49.000 72. 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 3 Factory Overhead Total factory overhead costs Total manufacturing costs Total cost of work in process Cost of goods manctured Required Information Use the following information for the Exercises below. The following selected account balances are provided for Delray Mfg. $ 1,292,00 38. 54. 163, 16e Sales Raw waterials inventory, Dec. 31, 2016 Work in process inventory, Dec. 31. 2016 Finished goods inventory, Dec. 31, 2016 Rosaterials 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 15.30 53, Bee 5,25e 51, 87. 128.00 49.00 43,500 72,90 Exercise 18-14 Income statement preparation LO P2 Prepare an income statement for Delray Mfg. (a manufacturer). DELRAY MFG Income Statement For Year Ended December 31, 2017 Sales Cost of goods sold Finished goods inventory, December 31, 2018 Cost of goods manufactured S 81.400 Cost of goods available for sale 61.400 Cost of goods sold 01.400 1.230.000 Operating expenses Total operating expenses Operating income $ 1.230.000