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Question: the administrative offices and manufacturing plant of billings tool amp...

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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 Building and machine depreciation (75% of this amount is for factory) Building utilities (90% of this amount is for factory) Direct labor Direct materials inventory, December 31 Direct materials inventory, January 1 Direct materials purchases Factory supervision Finished goods inventory, December 31 Finished goods inventory, January 1 Indirect factory labor Indirect materials and supplies Marketing costs Property taxes on building (85% of this amount is for factory) Sales revenue Work-in process inventory, December 31 Work-in-process inventory, January 1 S 1,652 800 1.270 835 15 12 3,610 494 61 53 920 676 878 800 13,058 25 30 Required 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).)
Required: Prepare an income statement with a supporting cost of goods sold statement. (Enter your answers in thousands of dollars (ie., 234,000 should be entered as 234).) For the Year Ended December 31 $ 13,058 ess Cost of goods sold Gross margin Marketing and administrative costs Administrative costs Depreciation Utilises Property taxes Marketing costs 878 Total marketing and administrative costs 2.530 ating proft
30 Beginning work-in-process, Jan. 1 Manufacturing costs Direct materials 12 Beginning inventory, Jan. 1 Add Purchases 3,610 15 Less: Ending inventory, Dec 31 3,607 835 Direct labor Manufacturing overhead 600 Building and machine depreciation Building utilities Factory stu Indirect factory labor Indirect materials and supplies Property taxes-factory 1.14 194 920 680 4.513 Total manufacturing overhead Total manufacturing costs Total cost of work in process during the year Less Ending work in process, Dec. 31 Costs of goods manufactured during the year
Manufacturing overhead Building and machine depreciation Building utilities Factory supervision Indirect factory labor Indirect materials and supplies Property taxes-factory 600 1,143 494 920 676 680 Total manufacturing overhead 4,513 Total manufacturing costs Total cost of work in process during the year Less: Ending work in process, Dec. 31 Costs of goods manufactured during the year Beginning finished goods, Jan. Finished goods inventory available for sale ess: Ending finished goods inventory, Dec. 31 Cost of goods sold
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