USUUN Hp Consider the following account balances (in thousands) for the Sillow Corporation: (Click the icon to view the account balances.) Requirements 1. Prepare a schedule for the cost of goods manufactured for 2017 2. Revenues (in thousands) for 2017 were $1,200,000. Prepare the income statement for 2017 Requirement 1. Prepare a schedule for the cost of goods manufactured for 2017 Start with the direct materials and labor costs, then manufacturing overhead costs, and complete the schedule by calculating cost of goods manufactured Sillow Corporation Schedule of Cost of Goods Manufactured For the Year Ended December 31, 2017 (in thousands) Direct materials Direct materials used Direct manufacturing labor Choose from a list oronto any number in the input fields then in Ch a n Beginning of 2017 End of 2017 132,000 $ 168,000 230,000 Sillow Corporation 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 Plant utilities Repairs and maintenance plant Equipment leasing costs 69,000 142,000 204,000 265,000 215,000 103,000 2,000 43,000 23,000 11,000 62,000 100 non 2017 2017 132,000 $ 168,000 230,000 Sillow Corporation 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 Plant utilities Repairs and maintenance plant Equipment leasing costs Marketing, distribution, and customer-service costs General and administrative costs 69,000 142,000 204,000 265,000 215,000 103,000 2,000 43,000 23,000 11,000 62,000 129,000 66,000