The Williams Company manufactures automatic garage-door openers. At the beginning of November, the company had the following inventory accounts:

During the month of November, the company made purchases of raw material equal to \($100,000.\) The company also incurred direct labor costs of \($200,000\) and overhead of \($50,000\).

a. Make a schedule calculating the cost of goods manufactured during November.

b. Make a schedule calculating the cost of goods sold during November.

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Raw Materials Work-in-Process Finished Goods $20,000 $15,000 $30,000 At the end of November, the company had the following inventory accounts: Raw Materials Work-in-Process Finished Goods $10,000 $25,000 $50,000