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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
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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