Use the following selected account balances of Delray Manufacturing for the year ended December 31. Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Indirect labor $ 2,500,000 104,000 135,000 176,000 478,000 574,000 86,000 Repairs-Factory equipment 69,000 Rent cost of factory building 138,000 Selling expenses 221,000 General and administrative expenses 354,000 Raw materials inventory, ending 125,000 Work in process inventory, ending Finished goods inventory, ending 162,000 211,000 Prepare its schedule of cost of goods manufactured for the year ended December 31. DELRAY MANUFACTURING Schedule of Cost of Goods Manufactured For Year Ended December 31 Direct materials: Raw materials inventory, beginning $ 104,000 Add: Raw materials purchases 478,000 Raw materials available for use $ 582,000 Less: Raw materials inventory, ending Direct materials used Direct labor Factory overhead: $ 582,000 Total factory overhead Total manufacturing costs Total cost of work in process Cost of goods manufactured $ 0 582,000 582,000 $ 582,000