2-25 Computing cost of goods manufactured and cost of goods sold. [Excel template] (LO 2, 4) The following are account balances relating to 2022 (in thousands): Property tax on plant building $ 3,800 Marketing, distribution, and customer-service costs 44,400 Finished goods inventory, January 1 32,400 Plant utilities 20,400 Work-in-process inventory, December 31 31,200 Depreciation of plant building 10,800 General and administrative costs (nonplant) 51,600 Direct materials used 104,400 Finished goods inventory, December 31 40,800 Depreciation of plant equipment 13,200 Plant repairs and maintenance 19,200 Work-in-process inventory, January 1 24,000 Direct manufacturing labour 40,800 Indirect manufacturing labour 27,600 Indirect materials used Miscellaneous plant overhead 13,200 5,800