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prepare a statement of cost of goods manufactured and an income statement for the year ended December 24,2016 , please note sales were $348,000,000

Consider the following account balances in thousands for the Yankee Company for the year ended December 24, 2016: $ Direct Materials Inventory, Beginning Direct Material Inventory, Ending Work in Process, Beginning Work in Process, Ending Finished Goods Inventory, Beginning Finished Goods Inventory, Ending Direct Materials, Purchased Direct Labor Indirect Labor Plant insurance Other insurance Salaries - Nonproduction Depreciation - plant Depreciation - other Repairs & Maintenance - plant Marketing & Customer support Plant rent General Admin 58,000 32,000 38,000 26,000 29,000 12,000 99,000 84.000 14,000 29,000 18,000 65,000 15,000 10.000 38.000 75,000 12,000 38.000 Required Prepare a statement of cost of good manure and com ed December 24, 2010 Consider the following account balances in thousands for the Yankee Company for the year ended December 24, 2016: $ Direct Materials Inventory, Beginning Direct Material Inventory, Ending Work in Process, Beginning Work in Process, Ending Finished Goods Inventory, Beginning Finished Goods Inventory, Ending Direct Materials, Purchased Direct Labor 58,000 32,000 38,000 26,000 29,000 12,000 99,000 84,000 14,000 29,000 18,000 65,000 15,000 10,000 38,000 75.000 12,000 38.000 Indirect Labor Plant insurance Other insurance Salaries - Nonproduction Depreciation - plant Depreciation - other Repairs & Maintenance - plant Marketing & Customer support Plant rent General & Admin