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can you explain how to get the answer 1. Cost of goods manufactured, income statement, manufacturing company. Consider following account balances (in thousands) for the

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1. Cost of goods manufactured, income statement, manufacturing company. Consider following account balances (in thousands) for the Carolina Corporation: Carolina Corporation Beginning of 2017 End of 2017 124,000 73,000 Direct materials inventory Work-in-process inventory 173,000 145,000 Finished-goods inventory 206,000 240,000 Purchases of direct materials 262,000 Direct manufacturing labor 217,000 Indirect manufacturing labor 97.000 Plant insurance 9,000 Depreciation--plant, building, and equipment 45,000 Plant utilities 26,000 Repairs and maintenance plant 12,000 Equipment leasing costs-plant 65,000 Marketing, distribution, and customer service costs 125.000 General and administrative costs 71.000 Required (28 points) Prepare a schedule for the cost of goods manufactured for 2017

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