Consider the following account balances (in thousands) for the Canseco Company:

REQUIRED
1. Prepare a schedule of cost of goods manufactured for 2013.
2. Revenues in 2013 were $300 million. Prepare the 2013 income statement.

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Beginning of 2013 End of 2013 Direct materials inventorv S22,000 21,000 18,000 ork-in-process inventory Finished goods inventory Purchases of direct materials Direct manufacturing labour Indirect manufacturing labour Plant insurance Amortization-plant building and equipment Repairs and maintenance-plant Marketing, distribution, and customer-service costs General and administrative costs $26,000 20,000 23,000 75,000 25,000 15,000 9,000 11,000 4,000 93,000 29,000