Use the following selected account balances of Delray Manufacturing for the year ended December 31.

Sales	$ 1,800,000
Raw materials inventory, beginning	76,000
Work in process inventory, beginning	99,000
Finished goods inventory, beginning	129,000
Raw materials purchases	350,000
Direct labor	420,000
Indirect labor	63,000
RepairsFactory equipment	50,000
Rent cost of factory building	100,000
Selling expenses	160,000
General and administrative expenses	256,000
Raw materials inventory, ending	91,000
Work in process inventory, ending	119,000
Finished goods inventory, ending	155,000

Prepare its schedule of cost of goods manufactured for the year ended December 31.

Use the following selected account balances of Delray Manufacturing for the year ended December 31.

Sales	$ 1,800,000
Raw materials inventory, beginning	76,000
Work in process inventory, beginning	99,000
Finished goods inventory, beginning	129,000
Raw materials purchases	350,000
Direct labor	420,000
Indirect labor	63,000
RepairsFactory equipment	50,000
Rent cost of factory building	100,000
Selling expenses	160,000
General and administrative expenses	256,000
Raw materials inventory, ending	91,000
Work in process inventory, ending	119,000
Finished goods inventory, ending	155,000

Prepare an income statement for Delray Manufacturing (a manufacturer). Assume that its cost of goods manufactured is $948,000