Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Indirect labor Repairs-Factory equipment Rent cost of factory building Selling expenses General and administrative expenses Raw materials inventory, ending Work in process inventory, ending Finished goods inventory, ending $ 950,000 42,000 55,000 72,000 193,000 232,000 35,000 28,000 56,000 90,000 144,000 50,000 66,000 86,000 ! Required information DELRAY MANUFACTURING Income Statement $ 950,000 For Year Ended December 31 Sales Cost of goods sold: Finished goods inventory, beginning Goods available for sale 0 tes Cost of goods sold $ 0 Net income