Show the beginning of the year and end of year in a cost of good manufacture in excel
Canseco Company Beginning of 2007 End of 2007
Direct materials inventory $22,000 $26,000
Work-in-process inventory 21,000 20,000
Finished goods inventory 18,000 23,000
Purchases of direct materials 75,000
Direct manufacturing labor 25,000
Indirect manufacturing labor 15,000
Plant Insurance 9,000
Depreciation -- plant and 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
2-31 Cost if goods manufactured Cosider the following account balances(in thousands) for the Company
1. Prepare a schedule for the cost of goods manufactured for 2007
2. Revenues for 2007 were $300 million. Prepare the income statement for 2007
