cost of finished goods manufactured, income statement, manufacturing company

Project Description:

consider the following account balances in thousands for the conseco company
direct materia inventory begining 2011 $22,000 ending 2011 #26,000; work in process inventory beg 21,000; end 20,000; finished goods inventory beg 18,000; end 23,000; all of the following are end of 2011 balances: purchases of direct materials 75,000; direct manufacturing labor 25,000; indirect manufacturing labor 15,000; plant insurance 9,000; depreciation-plant,building, and equipment 11,000; repairs and maintenance-plant 4,000; marketing, distribution, and customer service costs 93,000; general and administrative costs 29,000.

1. prepare a schedule for the cost of goods manufactured for 2011.

2. revenues for 2011 were $300 million. prepare th income statement for 2011
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