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The Ramos Company End of 2019 Beginning of 2019 28,000 21,000 15,000 Direct materials inventory Work-in-process inventory Finished-goods inventory Purchases of direct materials Direct manufacturing
The Ramos Company End of 2019 Beginning of 2019 28,000 21,000 15,000 Direct materials inventory Work-in-process inventory Finished-goods inventory Purchases of direct materials Direct manufacturing labor Indirect manufacturing labor Plant insurance Depreciation-plant, building, and equipment Repairs and maintenanceplant Marketing, distribution, and customer-service costs General and administrative costs 30,000 23,000 21,000 76,000 18.000 11,000 9,000 11,000 3,000 82,000 20.0001 Required: 1. Prepare a schedule for the cost of goods manufactured for 2019. 2. Revenues for 2019 were $350 million. Prepare the income statement for 2019. *Note that all balances are reported in thousands. So to input a revenue of $350 million in the schedule, you input 350,000
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