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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	$ 2,050,000
Raw materials inventory, beginning	86,000
Work in process inventory, beginning	112,000
Finished goods inventory, beginning	146,000
Raw materials purchases	396,000
Direct labor	475,000
Indirect labor	71,000
RepairsFactory equipment	57,000
Rent cost of factory building	114,000
Selling expenses	182,000
General and administrative expenses	291,000
Raw materials inventory, ending	103,000
Work in process inventory, ending	134,000
Finished goods inventory, ending	175,000

Income Statement - Assume that its cost of goods manufactured is $1,074,000.