Doha Steel Corporation Schedule of Cost of Goods Manufactured For the Year Ended December 31, 2018 (in thousands 'RO Direct Materials Beginning Inventory, January1 Add: Purchases Cost of Direct Materials Available for Use Less: Ending Inventory, December 31 10,642 72.364 7,586 Direct Materials Used Direct Labor Manufacturing Overhead 8,212 Indirect Labor Supplies Heat, Light & Power Depreciation - plant building Depreciation - plant equipment Miscellaneous 6,985 1,995 4,998 1,922 3,018 866 Total Manufacturing Overhead Costs Manufacturing costs incurred during 2018 Add: Beginning WIP, January 1 Total Manufacturing Costs to account for Less: Ending WIP, December 31 Cost of Goods Manufactured 5,821 4,015 Doha Steel Corporation Income Statement For the Year Ended December 31, 2018 (in thousands 'RC Revenues Cost of Goods Sold 223,000 21,915 105,222 Beginning Finished Goods, January 1 Cost of Goods Manufactured Cost of Goods Available for sale Ending Finished Goods, December 31 17,395 Cost of Goods Sold Gross Profit Operating Costs 113,258 Marketing, distribution, and customer-service Total operating costs 68,998 Operating Income