Use the following information for the Exercises below.

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The following selected account balances are provided for Delray Mfg.

Sales	$	1,255,000
Raw materials inventory, Dec. 31, 2016		42,000
Work in process inventory, Dec. 31, 2016		57,000
Finished goods inventory, Dec. 31, 2016		69,800
Raw materials purchases		153,500
Direct labor		221,000
Factory computer supplies used		19,600
Indirect labor		58,000
RepairsFactory equipment		5,250
Rent cost of factory building		51,000
Advertising expense		107,000
General and administrative expenses		139,000
Raw materials inventory, Dec. 31, 2017		45,300
Work in process inventory, Dec. 31, 2017		46,700
Finished goods inventory, Dec. 31, 2017		69,100

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.

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

DELRAY MFG. Schedule of Cost of Goods Manufactured For Year Ended December 31, 2017 Direct materials Raw materials available for use 0 Direct materials used $ 0 Factory overhead: 0 Total factory overhead costs Total manufacturing costs Total cost of work in process Cost of goods manufactured 0 DELRAY MFG. Income Statement For Year Ended December 31, 2017 Cost of goods sold Cost of goods available for sale 0 Cost of goods sold 0 Operating expenses Total operating expenses Operating income Oo $