Cost of goods manufactured, income statement, manufacturing company. Consider the following account balances (in thousands) for the Shaler Corporation. Beginning of End of Shaler Corporation 2014 2014 Direct materials inventory Work-in-process inventory Finished goods inventory Purchases of direct materials 130,000 68,000 166,000 144,000 246,000 204,000 256,000 Direct manufacturing labor 212,000 Indirect manufacturing labor 96,000 Indirect materials 28,000 Plant insurance 4,000 Depreciation-plant, building, and equipment 42,000 Plant utilities 24,000 Repairs and maintenance-plant 16,000 Equipment leasing costs 64,000 Marketing, distribution, and customer-service costs 124,000 68,000 General and administrative costs The company uses a periodic inventory system 1- Prepare an Adjusted trial balance (periodic), Income summary (periodic), Closing entries (Income summary) periodic, Manufacturing summary (periodic). 2- After closing Adjust trial balance (periodic)