3 Homework: Chapt... Question 11, P2-38 (simil. Part 1 of 4 HW Score: 65.51%, 7.21 of 11 points O Points: 0 of 1 Save Consider the following account balances (in thousands) for the Benesch Company Click the icon to view the account balances) Requirements 1. Prepare a schedule for the cost of goods manufactured for 2020 2. Revenues for 2020 were $305 million Prepare the income statement for 2020 Requirement 1. Prepare a schedule for the cost of goods manufactured for 2020 Begin by preparing the schedule of cost of goods manufactured (in thousands) Start with the direct materials and labor costs, then indirect manufacturing costs, and complete the schedule by calculating cost of goods manufactured Benesch Company Schedule of Cost of Goods Manufactured For the Year Ended December 31, 2020 (in thousands) nA nA Data Table ou th] Beginning of 2020 End of 2020 26.000 as Benesch Company Direct materials inventory Work-in-process inventory Finished-goods inventory Purchases of direct materials 22,000 25.000 20.000 ched 13,000 24.000 79.000 Sche e Yea Print Done This