Question: Show me the steps to solve Required information Use the following information for the Exercises below. ( Algo ) Skip to question [ The following

Show me the steps to solve Required information
Use the following information for the Exercises below. (Algo)
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Use the following selected account balances of Delray Manufacturing for the year ended December 31.
Sales $ 2,850,000
Raw materials inventory, beginning 118,000
Work in process inventory, beginning 153,000
Finished goods inventory, beginning 199,000
Raw materials purchases 543,000
Direct labor 652,000
Indirect labor 98,000
RepairsFactory equipment 78,000
Rent cost of factory building 156,000
Selling expenses 250,000
General and administrative expenses 400,000
Raw materials inventory, ending 142,000
Work in process inventory, ending 184,000
Finished goods inventory, ending 239,000
Exercise 14-13(Algo) Preparing schedule of cost of goods manufactured LO P2
Prepare its schedule of cost of goods manufactured for the year ended December 31.

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