CoursHeroTranscribedText: 2-33 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 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 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 General and administrative costs 68,000