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.

Neal Company Schedule of Cost of Goods Manufactured For the Year Ended December 31, 2017 (in thousands) Direct materials: \begin{tabular}{l} \hline Beginning inventory, Jan. 1, 2017 \\ \hline Ending inventory, Dec. 31, 2017 \\ \hline \\ \hline \end{tabular} Direct materials used Direct manufacturing labor Neal Company Schedule of Cost of Goods Manufactured For the Year Ended December 31, 2017 (in thousands) Direct materials: \begin{tabular}{l} \hline Beginning inventory, Jan. 1, 2017 \\ \hline Ending inventory, Dec. 31, 2017 \\ \hline \\ \hline \end{tabular} Direct materials used Direct manufacturing labor