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From this information, prepare a cost of goods manufactured schedule.

From this information, prepare a cost of goods manufactured schedule.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A list of accounts and their values are given above. From this information, prepare a cost of goods manufactured schedule.

A partial list of Waterways' accounts and their balances for the month of November follows. Accounts Receivable $272,600 Advertising Expenses 54,600 Cash 261,500 Depreciation-Factory Equipment 16,700 Depreciation-Office Equipment 2,500 Direct Labor 42,300 Factory Supplies Used 16,600 Factory Utilities 10,100 Finished Goods Inventory, November 30 69,500 Finished Goods Inventory, October 31 73,200 Indirect Labor 48,200 Office Supplies Expense 1,600 Other Administrative Expenses 72,700 Prepaid Expenses 41,100 Raw Materials Inventory, November 30 52,800 Raw Materials Inventory, October 31 38,300 Raw Materials Purchases 184,700 Rent-Factory Equipment 47,400 Repairs-Factory Equipment 4,500 Salaries 326,200 Sales Revenue 1,341,400 Sales Commissions 40,900 Work In Process Inventory October 31 53,200 Work In Process Inventory, November 30 42,300
Transcribed Image Text:A partial list of Waterways' accounts and their balances for the month of November follows. Accounts Receivable $272,600 Advertising Expenses 54,600 Cash 261,500 Depreciation-Factory Equipment 16,700 Depreciation-Office Equipment 2,500 Direct Labor 42,300 Factory Supplies Used 16,600 Factory Utilities 10,100 Finished Goods Inventory, November 30 69,500 Finished Goods Inventory, October 31 73,200 Indirect Labor 48,200 Office Supplies Expense 1,600 Other Administrative Expenses 72,700 Prepaid Expenses 41,100 Raw Materials Inventory, November 30 52,800 Raw Materials Inventory, October 31 38,300 Raw Materials Purchases 184,700 Rent-Factory Equipment 47,400 Repairs-Factory Equipment 4,500 Salaries 326,200 Sales Revenue 1,341,400 Sales Commissions 40,900 Work In Process Inventory October 31 53,200 Work In Process Inventory, November 30 42,300
A list of accounts and their values are given above. From this information, prepare a cost of goods manufactured schedule. WATERWAYS CORPORATION Cost of Goods Manufactured Schedule $ %24
Transcribed Image Text:A list of accounts and their values are given above. From this information, prepare a cost of goods manufactured schedule. WATERWAYS CORPORATION Cost of Goods Manufactured Schedule $ %24
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