In: Accounting
A partial list of Waterways’ accounts and their balances for the month of November follows.
Accounts Receivable      
$274,500
Advertising Expenses       54,200
Cash       261,000
Depreciation—Factory Equipment      
16,800
Depreciation—Office Equipment      
2,500
Direct Labor       41,900
Factory Supplies Used       16,700
Factory Utilities       10,300
Finished Goods Inventory, November 30  
    68,800
Finished Goods Inventory, October 31      
73,100
Indirect Labor       48,100
Office Supplies Expense       1,600
Other Administrative Expenses      
71,500
Prepaid Expenses       41,400
Raw Materials Inventory, November 30      
52,300
Raw Materials Inventory, October 31      
37,600
Raw Materials Purchases      
184,100
Rent—Factory Equipment       46,800
Repairs—Factory Equipment      
4,600
Salaries       323,000
Sales Revenue
1,354,600
Sales Commissions       40,500
Work In Process Inventory October 31      
52,600
Work In Process Inventory, November 30  
    42,200
  
Collapse question part
(b1)
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