Required

1. Prepare a schedule of cost of goods manufactured for

20192019.

2. Revenues in

20192019

were

$ 270$270

million. Prepare the

20192019

statement of comprehensive income.

Requirement 1. Prepare a schedule of cost of goods manufactured for

20192019.

Begin by preparing the schedule of cost of goods manufactured (in thousands). Start with the direct materials and labour costs, continue with the indirect manufacturing costs, and complete the schedule by calculating cost of goods manufactured.

Beginning of End of 2019 2019 Direct materials inventory Work-in-process inventory Finished goods inventory 26,000 S 27,000 20,000 23,000 78,000 29,000 14,000 7,000 18,000 4,000 97,000 36,000 21,000 11,000 Purchases of direct materials Direct manufacturing labour Indirect manufacturing labour Plant insurance Depreciation-plant, building, and equipment Repairs and maintenance-plant Marketing, distribution, and customer-service costs General and administrative costs