CALCULATOR MENTI MESSAGE HY INSTRUCTOR FULL SCREEN PRINT VERSION BACH Waterways Problem 01 61-63 (Part Level Submission) Waterways Corporation is a private corporation formed for the purpose of providing the products and the services needed to write farms, parks, commercial projects, and private law. It centrally located factory in a U.S. city that manufactures the products it makes to retail outlets across the nation. It also maintains a division that performs instalation and warranty servicing metropolitan areas The mission of Waterways is to manufacture quality parts that can be used for effective irrigation projects that also conserve water. By that effort, the company hopes to satisfy ts customers, perform rapid and responsible service, and serve the community and the employees who represent them in each community The company has been growing rapidly, so management is considering new ideas to help the company continue its growth and maintain the high quality of products. Waterways was founded by Will Winkman who is the company president and chief executive officer (CEO). Working with him from the company's inception is Wil's brother, Ben, whose spre designs and ideas about the installation of proper systems have been a major basis of the company's success. Ben is the vice president who oversees all aspects of design and production in the company The factory itself is managed by Todd Senter who hires his fine managers to supervise the factory employees. The factory makes all of the parts for the irrigation witems. The purchasing department is managed by Helen Hines The installation and training division is overseen by vice president Henry Writer, who supervises the managers of the six local installation operations. Each of these local manags hires his or her own local service people. These service employees are trained by the home office under Henry Writer's direction because of the uniqueness of the company's products There is a small human resources department under the direction of Sally Fenton, a vice president who handies the employee paperwork, though hiring is actually performed by the separate departments. Teresa Totter is the vice president who heads the sales and marketing area; she oversees 10 well-trained salespeople. The accounting and finance division of the company is headed by Ann Headman, who is the chief financial officer (CFO) and a company vice president, she is a member of the Institute of Management Accountants and holds a certificate in management accounting. She has a small staff of accountants, including a controller and a treasurer, and a staff of accounting out operators who maintain the financial cords A partial list of Waterways accounts and their balances for the month of November follows. Accounts Receivable 5277,000 Advertising Expenses 54,400 Cash 262,200 maintain the financial records. A partial list of Waterways' accounts and their balances for the month of November follows. Accounts Receivable Advertising Expenses Cash Depreciation-Factory Equipment Depreciation-Office Equipment Direct Labor Factory Supplies Used Factory Utilities Finished Goods Inventory, November 30 Finished Goods Inventory, October 31 Indirect Labor Office Supplies Expense Other Administrative Expenses Prepaid Expenses Raw Materials Inventory, November Raw Materials Inventory, October 31 Raw Materials Purchases Rent-Factory Equipment Repairs--Factory Equipment Salaries Sales Revenue $277,000 54,400 262,200 16,900 2,400 42,400 16,700 10,300 69,500 72,200 47,600 1,600 72,800 41,200 52,200 38,100 184,800 46,900 4,400 325,300 1,346,400 Finished Goods Inventory, November 30 Finished Goods Inventory, October 31 Indirect Labor Office Supplies Expense Other Administrative Expenses Prepaid Expenses Raw Materials Inventory, November 30 Raw Materials Inventory, October 31 Raw Materials Purchases Rent-Factory Equipment Repairs-Factory Equipment Salaries Sales Revenue Sales Commissions Work In Process Inventory October 31 Work In Process Inventory, November 30 69,500 72,200 47,600 1,600 72,800 41,200 52,200 38,100 184,800 46,900 4,400 325,300 1,346,400 40,200 52,600 42,100 (61) A list of accounts and their values are given above. From this information, prepare a cost of goods man WATERWAYS CORPORATION Cost of Goods Manufactured Schedule Work In Process Inventory, November 30 42,100 (61) 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 52600 38100 > 184800 > CALCULAT V V V C