A. Consider the following account balances (in thousands) for the Piedmont Corporation

Piedmont Corporation Direct materials inventory Work-in-process inventory Finished goods inventory Purchases of direct materials Direct manufacturing labor Indirect manufacturing labor Indirect materials Plant insurance Depreciationplant, building, and equipment Plant utilities Repairs and maintenanceplant Equipment leasing costs Marketing, distribution, and customer-service costs General and administrative costs Beginning of End of 2011 2011 65,000 34,000 83,0!!! 724110 123.000 102,0[0 128,000 106,000 48,000 14,000 2,000 21 .000 12,[l)0 8,0!\" 32,000 624110 34,000