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In: Accounting

Mesa Designs produces a variety of hardware products, primarily for the do-it-yourself (DIY) market. As part...

Mesa Designs produces a variety of hardware products, primarily for the do-it-yourself (DIY) market. As part of your job interview as a summer intern at Mesa, the cost accountant provides you with the following (fictitious) data for the year (in $000):

  

Inventory information: 1/1/00 12/31/00
Direct materials $ 52 $ 59
Work-in-process 80 72
Finished goods 991 1,017

  

Other information: For the year ’00
Administrative costs $ 2,500
Depreciation (Factory) 2,980
Depreciation (Machines) 4,660
Direct labor 6,900
Direct materials purchased 5,190
Indirect labor (Factory) 1,710
Indirect materials (Factory) 520
Property taxes (Factory) 205
Selling costs 1,110
Sales revenue 32,110
Utilities (Factory) 570

  

Required:

Prepare the 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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ekkarill92 answered 3 years ago
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