The administrative offices and manufacturing plant of Billings Tool & Die share the same building. The...

The administrative offices and manufacturing plant of Billings Tool & Die share the same building. The following information (in $000s) appears in the accounting records for last year:


Administrative costs	$	1,647
Building and machine depreciation (75% of this amount is for factory)		900
Building utilities (90% of this amount is for factory)		1,350
Direct labor		855
Direct materials inventory, December 31		14
Direct materials inventory, January 1		13
Direct materials purchases		3,640
Factory supervision		478
Finished goods inventory, December 31		66
Finished goods inventory, January 1		54
Indirect factory labor		916
Indirect materials and supplies		680
Marketing costs		862
Property taxes on building (85% of this amount is for factory)		1,000
Sales revenue		12,931
Work-in-process inventory, December 31		26
Work-in-process inventory, January 1		31
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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ekkarill92 answered 1 year ago

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