Solve requirements 1 and 2

Knight, Corp., a lamp manufacturer, provided the following information for the year ended December 31, 2012: Endin Inventories Materials Work in process Finished goods Beginnin 56,000 103,000 41,000 23,000 63,000 48,000 Other information: Depreciation: plant building and equipment Materials purchases Insurance on plant Sales salaries expense Repairs and maintenance-plant Indirect labor Direct labor Administrative expenses $16,000 159,000 22,000 46,000 8,000 32,000 122,000 59,000