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): Inventories: As of January 1:1 Direct materials Work-in-process Finished goods As of December 31:1 Direct materials Work-in-process Finished goods Other amounts (for the year): Administrative costs Direct labor Direct material purchases Indirect plant labor Indirect plant supplies Machine depreciation Marketing costs Plant depreciation Plant supervision Plant utilities (5000) $ 147 156 724 $ 154 149 743 2,540 4,546 5,674 2,558 752 4,951 1,084 1,335 1,056 733 381 30,234 Property taxes on plant and equipment Sales revenue Required: a. Prepare a cost of goods sold statement. b. Prepare an income statement. Complete this question by entering your answers in the tabs below. cas Stmt Income Stmt Prepare a cost of goods sold statement. Note: Enter your answers in thousands of dollars (i.e., 234,000 should be entered as 234). East Ferry Tool & Die. < Previ 5 of 5 Next