Beginning of

End of

Howell Company

2017

2017

Direct materials inventory

27,000

29,000

Work-in-process inventory

25,000

23,000

Finished-goods inventory

16,000

28,000

Purchases of direct materials

75,000

Direct manufacturing labor

20,000

Indirect manufacturing labor

17,000

Plant insurance

7,000

Depreciationplant, building, and equipment

13,000

Repairs and maintenanceplant

3,000

Marketing, distribution, and customer-service costs

114,000

General and administrative costs

26,000

requirements

1. Prepare a schedule for the cost of goods manufactured for 2017

2. Revenues for 2017 were $ 315 million. Prepare the income statement for

2017