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

REQUIRED
1. Prepare a schedule of cost of goods manufactured for 2016.
2. Revenues in 2016 were $300 million. Prepare the 2016 statement of comprehensive income.

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Beginning of 2016 End of 2016 $26,000 20,000 23,000 75,000 25,000 15,000 9,000 11,000 4,000 93,000 29,000 $22,000 21,000 18,000 Direct materials inventory Work-in-process inventory Finished goods inventory Purchases of direct materials Direct manufacturing labour Indirect manufacturing labour Plant insurance Depreciation-plant building and equipment Repais and maintenance-plant Marketing, distribution, and customer-service costs General and administrative costs