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$272,600Advertising Expenses54,600Cash261,500Depreciation-Factory Equipment16,700Depreciation-Office Equipment2,500Direct Labor42,300Factory Supplies Used16,600Factory Utilities10,100Finished Goods Inventory, November 3069,500Finished Goods Inventory, October 3173,200Indirect Labor48,200Office Supplies Expense1,600Other Administrative Expenses72,700Prepaid Expenses41,100Raw Materials Inventory, November 3052,800Raw Materials Inventory, October 3138,300Raw Materials Purchases184,700Rent-Factory Equipment47,400Repairs-Factory Equipment4,500Salaries326,200Sales Revenue1,341,400Sales Commissions40,900Work In Process Inventory October 3153,200Work In Process Inventory, November 3042,300 A list of accounts and their values are given above. From this information, prepare a cost of goods manufactured schedule.WATERWAYS CORPORATIONCost of Goods Manufactured Schedule$%24

Given below is the statement of cost of goods manufactured

Answered: From this information, prepare a cost…

Business

Accounting

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

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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Question

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

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