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	$	90
Work-in-process inventory		118
Finished goods inventory		1,690
Information for the year:
Administrative costs	$	3,640
Direct labor		12,250
Direct materials purchases		8,250
Factory and machine depreciation		11,750
Factory supervision		751
Factory utilities		941
Indirect factory labor		2,950
Indirect materials and supplies		692
Marketing costs		1,490
Property taxes on factory		285
Sales revenue		45,800
Information on December 31 (Ending):
Direct materials inventory	$	99
Work-in-process inventory		125
Finished goods inventory		1,480

Required:

1. Prepare a cost of goods sold statement.

2. Prepare an income statement.

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

YOLO WINDOWS
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

Prepare an income statement. (Enter your answers in thousands of dollars (i.e., 234,000 should be entered as 234).)

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