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Yolo Windows, A manufacturer of windows for commercial buildings, reports the following account information for last year (all cost are in thousands of dollars) Problem

Yolo Windows, A manufacturer of windows for commercial buildings, reports the following account information for last year (all cost are in thousands of dollars) image text in transcribed
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Problem 2-61 (Algo) Prepare Statements for a Manufacturing Company (LO 2-2, 4) Yolo Windows, a manufacturer of windows for commercial bulldings, reports the following account information for last year (all costs are in thousands of dollars) $ 81 114 1,650 Information on January 1 (Beginning): Direct materials inventory Work-in-procesin Inventory Finished goods inventory Information for the year Administrative coats Direct labor Direet materiale 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 $ 3,680 12,650 8,300 11,680 752 950 2,880 672 1,480 285 45,000 99 13 Required: 1. Prepare a cost of goods sold statement 2. Prepare an income statement Statement of Cost of Goods Sold For the Year Ended December 31 (5000) 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 1,650 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 $ 3,680 12,650 8,300 11,680 752 950 2,880 672 1,480 285 45,800 99 137 1,490 Required: 1. Prepare a cost of goods sold statement. 2. Prepare an income statement Complete this question by entering your answers in the tabs below. COGS Stmt Income Stmt Prepare a cost of goods sold statement. (Enter your answers in thousands of dollars (i.e., 234,00 234).) YOLO WINDOWS Statement of Cost of Goods Sold For the Year Ended December 31 (5000) Manifontein norte Required: 1. Prepare a cost of goods sold statement. 2. Prepare an income statement. Complete this question by entering your answers in the tabs below. COGS Stmt Income Stmt Prepare an income statement. (Enter your answers in thousands of dollars (i.e., 234 YOLO WINDOWS Income Statement For the Year Ended December 31 ($000) Total marketing and administrative costs (COGS Stmt Income Stml>

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