=+2-37 KKK Cost of goods manufactured OBJECTIVE 5 Consider the following account balances (in thousands) for Canseco Ltd:

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9 10 11 12 13 A B C Canseco Ltd 1 January 31 December 2014 2014 Direct materials inventory $22 000 $26 000 Work-in-process inventory 21 000 20 000 Finished goods inventory 18 000 23 000 Purchases of direct materials 75 000 Direct manufacturing labour 25 000 Indirect manufacturing labour 15 000 Plant insurance 9 000 Depreciation—plant, building and equipment 11 000 Repairs and maintenance—plant 4 000 Marketing, distribution and customer service costs 93 000 General and administrative costs 29 000 Required 1 Prepare a schedule for the cost of goods manufactured for 2014.