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Prepare Statements for a Manufacturing Company
Pioneer Parts, 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
$ 18
Work-in-process inventory
24
Finished goods inventory
328
Information for the year:
Administrative costs
$ 720
Direct labor
2,120
Direct materials purchases
1,640
Factory and machine depreciation
2,320
Factory supervision
420
Factory utilities
180
Indirect factory labor
560
Indirect materials and supplies
140
Marketing costs
300
Property taxes on factory
56
Sales revenue
9,080
Information on January 31 (Ending):
$ 16
28
294
Required
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