Beginning of	End of
Shaler Corporation	2014	2014
Direct materials inventory	$130,000	$68,000
Work-in-process inventory	166,000	144,000
Finished goods inventory	246,000	204,000
Purchases of direct materials		256,000
Direct manufacturing labor		212,000
Indirect manufacturing labor		96,000
Indirect materials		28,000
Plant insurance		4,000
Depreciationplant, building, and equipment		42,000
Plant utilities		24,000
Repairs and maintenanceplant		16,000
Equipment leasing costs		64,000
Marketing, distribution, and customer-service costs		124,000
General and administrative costs		68,000

Requirements

1. Prepare a schedule for the cost of goods manufactured for 2014

2. Revenues (in thousands) for 2014 werre 1,200,000. Prepare the income statement for 2014.