East Ferry Tool & Die, a manufacturer of parts for agricultural equipment, provides the following financial information for the most recent fiscal year (all costs are in thousands of dollars):

	($000)
Inventories:
As of January 1:
Direct materials	$ 47
Work-in-process	56
Finished goods	624
As of December 31:
Direct materials	54
Work-in-process	49
Finished goods	643
Other amounts (for the year):
Administrative costs	1,540
Direct labor	3,546
Direct material purchases	4,674
Indirect plant labor	1,558
Indirect plant supplies	652
Machine depreciation	3,951
Marketing costs	984
Plant depreciation	1,235
Plant supervision	956
Plant utilities	633
Property taxes on plant and equipment	281
Sales revenue	20,234

Required:

1. Prepare a cost of goods sold statement.