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Accounts Receivable $ 275,000 Advertising Expenses 54,000 Cash 260,000 DepreciationFactory Equipment 16,800 DepreciationOffice Equipment 2,400 Direct Labor 42,000 Factory Supplies Used 16,800 Factory Utilities 10,200

Accounts Receivable

$ 275,000

Advertising Expenses

54,000

Cash

260,000

DepreciationFactory Equipment

16,800

DepreciationOffice Equipment

2,400

Direct Labor

42,000

Factory Supplies Used

16,800

Factory Utilities

10,200

Finished Goods Inventory, November 30

68,800

Finished Goods Inventory, October 31

72,550

Indirect Labor

48,000

Office Supplies Expense

1,600

Other Administrative Expenses

72,000

Prepaid Expenses

41,250

Raw Materials Inventory, November 30

52,700

Raw Materials Inventory, October 31

38,000

Raw Materials Purchases

184,500

RentFactory Equipment

47,000

RepairsFactory Equipment

4,500

Salaries

325,000

Sales

1,350,000

Sales Commissions

40,500

Work In Process Inventory October 31

52,700

Work In Process Inventory, November 30

42,000

Instructions

(a) A list of accounts and their values are given above. From this information, prepare a cost of goods manufactured schedule, an income statement, and the current assets section of the balance sheet for Waterways Corporation for the month of November 2012.

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