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[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	$ 2,000,000
Raw materials inventory, beginning	84,000
Work in process inventory, beginning	109,000
Finished goods inventory, beginning	142,000
Raw materials purchases	386,000
Direct labor	463,000
Indirect labor	69,000
RepairsFactory equipment	55,000
Rent cost of factory building	110,000
Selling expenses	176,000
General and administrative expenses	282,000
Raw materials inventory, ending	101,000
Work in process inventory, ending	131,000
Finished goods inventory, ending	170,000

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 available for use	$0
Direct materials used		$0
Factory overhead:
Total factory overhead		$0
Total manufacturing costs		0
Total cost of work in process		0
Cost of goods manufactured		$0

Prepare an income statement for Delray Manufacturing (a manufacturer). Assume that its cost of goods manufactured is $1,044,000.

DELRAY MANUFACTURING
Income Statement
For Year Ended December 31
Cost of goods sold:
Goods available for sale
Cost of goods sold
Net income