Pioneer Parts, a manufacturer of windows for commercial buildings, reports the following account information for last year (all costs are in thousands of dollars):

Information on January 1 (Beginning):

Direct materials inventory

$

90

Work-in-process inventory

119

Finished goods inventory

1,630

Information for the year:

Administrative costs

$

3,680

Direct labor

12,250

Direct materials purchases

8,240

Factory and machine depreciation

11,560

Factory supervision

751

Factory utilities

957

Indirect factory labor

2,900

Indirect materials and supplies

695

Marketing costs

1,530

Property taxes on factory

274

Sales revenue

45,900

Information on December 31 (Ending):

Direct materials inventory

97

Work-in-process inventory

141

Finished goods inventory

1,510

Required:

Prepare an income statement with a supporting cost of goods sold statement. (Enter your answers in thousands of dollars (i.e., 234,000 should be entered as 234))

Pioneer Parts
Statement of Cost of Goods Sold
For the Year Ended December 31
($000)
Manufacturing costs:
Direct materials:
Manufacturing overhead:
Total manufacturing overhead
Total manufacturing costs
Total cost of work in process during the year
Costs of goods manufactured during the year
Cost of goods sold

Pioneer Parts
Income Statement
For the Year Ended December 31
($000)
Total marketing and administrative costs