Homework: Chapter 2 HW Score: 0 of 25 pts P2-37 (similar to) Consider the following account balances (in thousands) for the Benesch Company 3 of 5 (0 complete) Hw Score: 0%, 0 of 125 pts oeston Help :click the icon to view ro account balances ) 1. Prepare a schedule for the cost of goods manufactured for 2017 2. Revenues for 2017 were $305 million Prepare the income statement for 2017 Requirement 1. Prepare a schedule tr ncost of goods manufactured for 2017 Begn by preparing the schedule of cost of goodrmanufactred 0nthousands)Start with the drect materand labor costs then i drect manufacturg costs, and complete the schedie by cak lating cost of goods montactured Benesch Company Schedule of Cost of Goods Manufactured For the Year Ended December 31, 2017 n thousands) Data Table Dinect materials Beginning of End of 2017 Benesch Company Dieect materials inventory Work-in-process inventory Finished-goods inventory Purchases of direct materiahs Dieect manuflacturing labor Indirect manufacturing labor Plant insurance Depreciation-plant, building and equipment Repairs and mairtenance-plnt Markeing distribution, and oustomer-service coss General and administrative 2017 24,000 29,000 2300 20.000 18,000 28,000 75,000 25,000 16,000 7.000 4,000 4,000 105,000 38000 Direct materials used Direct manufacturing labor Choose from any list or enter any number in the input fhelds and then click Check Answer PrintDone