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	$	89
Work-in-process inventory		119
Finished goods inventory		1,680
Information for the year:
Administrative costs	$	3,640
Direct labor		12,050
Direct materials purchases		8,290
Factory and machine depreciation		11,740
Factory supervision		734
Factory utilities		962
Indirect factory labor		2,910
Indirect materials and supplies		682
Marketing costs		1,530
Property taxes on factory		297
Sales revenue		45,400
Information on December 31 (Ending):
Direct materials inventory	$	96
Work-in-process inventory		134
Finished goods inventory		1,510

Required:

1. Prepare a cost of goods sold 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

2. Prepare an income statement.

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