Required information [The following information applies to the questions displayed below.] Use the following selected account balances of Delray Manufacturing for the year ended December 31. Prepare its schedule of cost of goods manufactured for the year ended December 31. \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ DELRAY MANUFACTURING } \\ \hline \multicolumn{1}{|c|}{ For Year Ended December 31 } \\ \hline Direct materials: & & \\ \hline & & \\ \hline Raw materials available for use & & \\ \hline & & \\ \hline Direct materials used & & \\ \hline & & \\ \hline Factory overhead: & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Total factory overhead & & \\ \hline Total manufacturing costs & & \\ \hline Total cost of work in process & & \\ \hline & & \\ \hline Cost of goods manufactured & & \\ \hline \end{tabular} Prepare an income statement for Delray Manufacturing (a manufacturer). Assume that its cost of goods manufactured is $998,000
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