Mesa Designs produces a variety of hardware products, primarily for the do-it-yourself (DIY) market. As part of your job

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Mesa Designs Produces A Variety Of Hardware Products Primarily For The Do It Yourself Diy Market As Part Of Your Job 1 (33.11 KiB) Viewed 17 times

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: Direct materials Work-in-process Finished goods Other information: 1/1/00 $96 152 1,974 Administrative costs Depreciation (Factory) Depreciation (Machines) Direct labor Direct materials purchased Indirect labor (Factory) Indirect materials (Factory) Property taxes (Factory) Selling costs Sales revenue Utilities (Factory) 12/31/00 $110. 136 2,026 For the year 200 $4,200 5,560 9,240 Required: 1. Prepare a cost of goods sold statement. 2. Prepare an income statement. 13,000 10,300 3,340 960 370 2,140 60,220 1,060