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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 Work-in-process inventory Finished goods inventory Information for the year: Administrative costs Direct labor Direct materials purchases Factory and machine depreciation Factory supervision Factory utilities Indirect factory labor Indirect materials and supplies Marketing costs Property taxes on factory Sales revenue Information on December 31 (Ending): Direct materials inventory Work-in-process inventory Finished goods inventory 86 119 1,600 $3,630 12,650 8,280 11,650 774 959 2,920 677 1,490 293 45,400 99 133 1,430 YOLO WINDOWS Income Statement For the Year Ended December 31 ($000) Total marketing and administrative costs 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 Beginning inventory, Jan. 1 Less: Ending finished goods inventory, Dec. 31 Cost of goods sold
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