2-32 Cost of finished goods manufactured, income statement, manufacturing company. Consider the fol- lowing account balances (in thousands) for the Canseco Company Home Insert Page Layout Formulas 1 Canseco Company Beginning of 2011 $22.000 21.000 18,000 3 Direct materials inventory 4. Work in process inventory 5 Finished goods inventory 6 Purchases of direct materials 7 Direct manufacturing labor 8 Indirect manufacturing labor 9 Plant insurance 10 Depreciation plant, bulding, and equipment 11 Repairs and maintenance plant 12 Marketing, distribution, and customer-service costs 13 General and administrative costs End of 2011 $26,000 20,000 23.000 75,000 25,000 15,000 9,000 11,000 4.000 93,000 29,000 1. Prepare a schedule for the cost of goods manufactured for 2011 2. Revenues for 2011 were $300 million. Prepare the income statement for 2011 Required Determ of vario (LO 3, 4) E1-1B Carmen Company reports the following costs and expenses in March. Factory utilities $ 18,600 Direct labor $98,100 Depreciation on factory Sales salaries 46,400 equipment 14,445 Property taxes on factory Depreciation on delivery trucks 9,600 building 2,500 Indirect factory labor 48,900 Repairs to office equipment 2.300 Indirect materials 80,800 Factory repairs 2,000 Direct materials used 1371600 Advertising 18,000 Factory manager's salary 1300 Office supplies used 5,370 Instructions From the information, determine the total amount of (a) Manufacturing overhead. (b) Product costs. (c) Period costs