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 $ 53 $ 60
Work-in-process 81 73
Finished goods 992 1,018
Other information: For the year ’00
Administrative costs $ 2,600
Depreciation (Factory) 3,030
Depreciation (Machines) 4,670
Direct labor 7,000
Direct materials purchased 5,200
Indirect labor (Factory) 1,720
Indirect materials (Factory) 530
Property taxes (Factory) 210
Selling costs 1,120
Sales revenue 32,610
Utilities (Factory) 580
Required:
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).)