Question:
1. Cost of goods manufactured. Consider the following account balances (in thousands) for the Canseco Company:
![1216_Canseco company.jpg](https://secure.tutorsglobe.com/CMSImages/1216_Canseco company.jpg)
If you want to use Excel to solve this problem, go to the Excel lab at www.prenhall.com/harngren/cost13e and download the template for Exhibit 2-8.
1. Prepare a schedule for the cost of goods manufactured for 2009.
2. Revenues for 2009 were $300 million. Prepare the income statement for2009.