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 $ 59 $ 66 work-in-process 87 79 finished goods 998 1,024 other information: for the year ’00 administrative costs $ 3,200 depreciation (factory) 3,330 depreciation (machines) 4,730 direct labor 7,600 direct materials purchased 5,260 indirect labor (factory) 1,780 indirect materials (factory) 590 property taxes (factory) 240 selling costs 1,180 sales revenue 35,610 utilities (factory) 640 required: 1. prepare a cost of goods sold statement. 2. prepare an income statement.
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Mesa designs produces a variety of hardware products, primarily for the do-it-yourself (diy) market....
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