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Question 11, P2-38 (simil... Part 2 of 4 HW Score: 65.45%, 7.2 of 11 points Points: 0.18 of 1 Consider the following account balances (in thousands) for the Cole Company: (Click the icon to view the account balances.) Requirements 1. Prepare a schedule for the cost of goods manufactured for 2020. 2. Revenues for 2020 were $265 million. Prepare the income statement for 2020. Indirect manufacturing costs: Cost of direct materials available for use Cost of goods manufactured Total indirect manufacturing costs End of 2020 Beginning of 2020 27,000 28,000 14,000 29,000 Cole Company Direct materials inventory Work-in-process inventory Finished-goods inventory Purchases of direct materials Direct manufacturing labor 25,000 26,000 77,000 23,000