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Yolo Windows, a manufacturer of windows for commercial buildings, reports the following account information for last year (all costs are in thousands of dollars): Information
Yolo Windows, 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 | $ | 88 | |
Work-in-process inventory | 111 | ||
Finished goods inventory | 1,650 | ||
Information for the year: | |||
Administrative costs | $ | 3,620 | |
Direct labor | 12,700 | ||
Direct materials purchases | 8,210 | ||
Factory and machine depreciation | 11,740 | ||
Factory supervision | 734 | ||
Factory utilities | 965 | ||
Indirect factory labor | 2,860 | ||
Indirect materials and supplies | 684 | ||
Marketing costs | 1,490 | ||
Property taxes on factory | 281 | ||
Sales revenue | 45,800 | ||
Information on December 31 (Ending): | |||
Direct materials inventory | $ | 92 | |
Work-in-process inventory | 126 | ||
Finished goods inventory | 1,430 | ||
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).)
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