P2-37 (similar to) Question Help Consider the following account balances (in thousands) for the Canseco 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 $315 million. Prepare the income statement for 2017 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. Canseco Company Schedule of Cost of Goods Manufactured For the Year Ended December 31, 2017 (in thousands) Direct materials: Direct materials used Direct manufacturing labor Choose from any list or enter any number in the input fields and then click Check Answer. P2-37 (similar to) Consider the following account b Company: (Click the icon to view the ad 0 Data Table - X actured for the income Requirement 1. Prepare a sched rect manufa: Begin by preparing the schedule complete the schedule by calcula Beginning of 2017 28,000 27,000 13,000 Canseco Company Direct materials inventory Work-in-process inventory Finished-goods inventory Purchases of direct materials Direct manufacturing labor Indirect manufacturing labor Schedule For the Year En Direct materials: End of 2017 29,000 20,000 24,000 78,000 26,000 16,000 7,000 17,000 2,000 105,000 22,000 Plant insurance Depreciation plant, building, and equipment Repairs and maintenance-plant Marketing, distribution, and customer-service costs General and administrative costs Direct materials used Direct manufacturing labor Print Done Choose from any list or enter a