A fire on the premises of Bydo Inc. destroyed most of its records. Below is an incomplete set of data for operations in 2014 (all figures below are in thousands of dollars).

Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ?
Raw materials, beginning inventory . . . . . . . . . . . . . . . . . . . . 13,000
Purchases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13,000
Raw materials, ending inventory. . . . . . . . . . . . . . . . . . . . . . . ?
Direct materials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ?
Direct labour . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25,000
Factory overhead . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ?
Work in process, beginning inventory . . . . . . . . . . . . . . . . . . 8,000
Work in process, ending inventory . . . . . . . . . . . . . . . . . . . . . 7,000
Cost of goods manufactured . . . . . . . . . . . . . . . . . . . . . . . . . . ?
Finished goods, beginning inventory . . . . . . . . . . . . . . . . . . . 6,000
Finished goods, ending inventory. . . . . . . . . . . . . . . . . . . . . . ?
Cost of goods sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55,000
Gross profit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,000
Operating expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ?
Operating income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (4,000)

The managerial accountant recollected that, during the year, prime costs amounted to $45 million, whereas conversion costs amounted to $33 million.

Required:

1. Prepare separate schedules for cost of goods sold and cost of goods manufactured.

2. Prepare an income statement for 2014.

3. Assume that 432,000 units of the product were produced during the year. Compute the units remaining in finished goods inventory at the end of the year.