End of 2017 Beginning of 2017 28,000 24,000 16,000 Benesch Company Direct materials inventory Work-in-process inventory Finished-goods inventory Purchases of direct materials Direct manufacturing labor Indirect manufacturing labor Plant insurance Depreciation-plant, building, and equipment Repairs and maintenance-plant Marketing, distribution, and customer service costs General and administrative costs 29,000 21,000 20,000 79,000 22,000 14,000 8,000 15,000 5,000 98,000 23,000 Consider the following account balances (in thousands) for the Benesch Company B Click the icon to view the account balances.) Requirements 1. Prepare a schedule for the cost of goods manufactured for 2017 2. Revenues for 2017 were 5310 million. Prepare the income statement for 2017 itoring Requirement 1. Prepare a schedule for the cost of goods manufactured for 2017 Begin by preparing the schedule of cost of goods manufactured in thousands) Start with the direct materials and labor costs, then indirect manufacturing costs, and complete the schedule by calculating cost of goods manufactured rive ations cies Benesch Company Schedule of Cost of Goods Manufactured For the Year Ended December 31, 2017 (in thousands) Direct materials Beginning inventory. Jan 1, 2017 28000 Purchases of direct materials Cost of direct materials available for use Ending inventory, Dec 31, 2017 Direct materials used Direct manufacturing labor Indirect manufacturing costs Support late Total Indirect manufacturing costs Manufacturing costs incurred during 2017 Total manufacturing costs to account for Choose from any list or enter any number in the input fields and then continue to the next question Type here to search Consider the following account balances (in thousands) for the Benesch Company Click the icon to view the account balances) Requirements 1. Prepare a schedule for the cost of goods manufactured for 2017 2. Revenues for 2017 were $310 million. Prepare the income statement for 2017 bring Total indirect manufacturing costs Manutacturing costs incurred during 2017 Total manufacturing costs to account for clons Cost of goods manufactured Requirement 2. Revenues for 2017 were 5310 million. Prepare the income statement for 2017. (Use parentheses or a minus sign operating losses) Benesch Company Income Statement For the Year Ended December 31, 2017 in thousan Support Cost of goods sold Cost of goods sol Choose from any list or enter any number in the outfields and then continue to the next question Type here to search BB Click the icon to view the account balances) statement for 2017 Total manufacturing costs to account for Cost of goods manufactured Requirement 2. Revenues for 2017 were $310 million. Prepare the income statement for 2017 (Use parentheses or a minus sign for operating losses.) Benesch Company Income Statement For the Year Ended December 31, 2017 (in thousands) upport Cost of goods sold: Cost of goods sold Operating costs Total operating costs Operating income (loss) Choose from any list or enter any number in the input fields and then continue to the next question Type here to search OBI 9 AAN 10