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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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