umulative Extra Credit Problems. Chs 1-8 Inst Question 1 (of 8 Save & Ex 3.00 points The administrative offices and manufacturing plant of Billings Tool & Die share the same building. The following information (in $000s) appears in the accounting records for last year Administrative costs Building and machine depreciation (75% of this amount is for factory) S 1,66 1,000 1,210 855 13 12 3,680 486 70 52 915 675 Buiding utities (90% of this amount is for factory) Direct labor Direct materials invertory, December 31 Direct materials inventory, January 1 Direct materials purchases Factory supervision Finished goods inventory. December 31 Finished goods inventory, January 1 Indirect factory labor Indirect materials and supplies Marketing costs Property taxes on bulding (85% of this amount is for factory) 900 2.910 Sales revenue Work-in-process inventory, December 31 Work-in-process inventory. Jaruary1 26 29 Required: Prepare an income statement with a supporting cost of goods sold statement. (Enter your answers in thousands of dollars U.e, 234,000 shouid be entered as 224)) BILLINGS TOOL&DIE MacBook Air Requlred: Prepare an income statement with a supporting cost of goods sold statement. (Enter your ans BILLINGS TOOL & DIE Income Statement For the Year Ended December 31 (s000) Marketing and administrative costs: 0 Total marketing and administrative costs Statement of Cost of Goods Sold For the Year Ended December 31 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