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Required information Use the following information for the Exercises below. (Static) [The...

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Accounting

Required information
Use the following information for the Exercises below. (Static)
[The following information applies to the questions displayed below.]
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
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
$1,250,000
37,000
53,900
62,700
175,600
225,000
47,000
23,000
57,000
94,000
129,300
42,700
41,500
67,300
Exercise 18-14(Static) Income statement preparation LO P1
Prepare an income statement for Delray Manufacturing (a manufacturer). Assume that its cost of goods manufactured is $534,300.
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