Before Class: Fill out the column below to identify which accounts belong on the COGM schedule Exercise 18-13 Preparation of schedule of cost of goods manufactured (Manufacturing Statement) Given the following selected account balances of Delray Mfg. Included on the Schedule of COGM? Sales $1,250,000 NO-Income statement Raw materials inventory, Dec 31, 2019 37,000 YES-Direct Materials Work in process inventory, Dec 31, 2019 $3,900 Finished goods inventory, Dec. 31, 2019 62,750 Raw materials purchases 175,600 Direct labor 225,000 Factory computer supplies used 17,840 Indirect labor 47,000 Repairs-Factory equipment 5,250 Rent cost of factory building 57,000 Advertising expense 94,000 General and administrative expenses 129,300 Raw materials inventory, Dec 31, 2020 42,700 Work in process inventory, Dec 31, 2020 141,500 Finished goods inventory, Dec. 31, 2020 167,300 Prepare its schedule of cost of goods manufactured (manufacturing statement) for the year ended December 31, 2020 Calculate the amount of cost of goods sold for the year ended December 31, 2020