Cost of goods manufactured. Consider the following account balances (in thousands) for ©

the Canseco Company:

REQUIRED 1. Prepare a schedule of cost of goods manufactured for 2009.
2. Revenues in 2009 were $300 million. Prepare the 2009 income statement.LO1

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Direct materials inventory Work-in-process inventory Finished goods inventory Purchases of direct materials Beginning of 2009 Direct manufacturing labour Indirect manufacturing labour Plant insurance Amortization-plant building and equipment Repairs and maintenance-plant Marketing, distribution, and customer-service costs General and administrative costs End of 2009 $22,000 $26,000 21,000 20,000 18,000 23,000 75,000 25,000 15,000 9,000 11,000 4,000 93,000 29,000