Reference no: EM132562329

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                             $49                         $56

Work-in-process                            77                              69

Finished goods                             988                                1,014

Other information:

For the year '00 Administrative costs   $2,200

Depreciation (Factory) 2,830

Depreciation (Machines) 4,630

Direct labor 6,600

Direct materials purchased 5,160

Indirect labor (Factory) 1,680

Indirect materials (Factory) 490

Property taxes (Factory) 190

Selling costs 1,080

Sales revenue 30,610

Utilities (Factory) 540

Required:

Question 1: 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).)