The following are account balances relating to 2019 (in thousands). (Click the icon to view the...

  

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The following are account balances relating to 2019 (in thousands). (Click the icon to view the account balances.) Required Compute the cost of goods manufactured and the cost of goods sold. Calculate the cost of goods manufactured by completing the schedule. Schedule of Cost of Goods Manufactured For the Year Ended December 31, 2019 (in thousands) Indirect manufacturing costs: Property tax on plant building Marketing, distribution, and customer-service costs Finished goods inventory, January 1, 2019 Plant utilities Work-in-process inventory, December 31, 2019 Depreciation of plant building General and administrative costs (nonplant) Direct materials used Finished goods inventory, December 31, 2019 Depreciation of plant equipment Plant repairs and maintenance Work-in-process inventory, January 1, 2019 Direct manufacturing labour Indirect manufacturing labour Indirect materials used Miscellaneous plant overhead $3,900 44,200 32,350 20,600 31,500 10,600 51,500 104,400 40,400 13,250 19,100 24,300 40,300 27,200 12,900 5,500 The following are account balances relating to 2019 (in thousands). (Click the icon to view the account balances.) Required Compute the cost of goods manufactured and the cost of goods sold. Calculate the cost of goods manufactured by completing the schedule. Schedule of Cost of Goods Manufactured For the Year Ended December 31, 2019 (in thousands) Indirect manufacturing costs: Property tax on plant building Marketing, distribution, and customer-service costs Finished goods inventory, January 1, 2019 Plant utilities Work-in-process inventory, December 31, 2019 Depreciation of plant building General and administrative costs (nonplant) Direct materials used Finished goods inventory, December 31, 2019 Depreciation of plant equipment Plant repairs and maintenance Work-in-process inventory, January 1, 2019 Direct manufacturing labour Indirect manufacturing labour Indirect materials used Miscellaneous plant overhead $3,900 44,200 32,350 20,600 31,500 10,600 51,500 104,400 40,400 13,250 19,100 24,300 40,300 27,200 12,900 5,500

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Schedule of cost of goods sold Direct materials used 104400 Direct manuf... View the full answer