Chapter 1 Problem 1-5a (a) Pedriani Company Cost of Goods Manufactured Schedule For the Month ended October 31, 2011 Work in process, October 1 Direct materials Raw materials inventory, Oct. 1 Raw materials purchases Total raw materials available for use Less: Raw Materials inventory Oct 31 Direct material s used Direct labor Manufacturing overhead Factory facility rent Depreciation on factory equipment ndirect labor Factory utilities Factory insurance" Total manufacturing overhead Total manufacturing costs Total cost of work in process Less: Work in process, October 31 Cost of goods manufactured Problem 1.5a (b) Pedriani Company Income Statement For the Month Ended October 31, 2011 Sales Revenue Cost of goods sold Finished goods inventory, October 1 Cost of goods manufactured Cost of goods available for sale Less: Finished goods inventory, Oct. 31 Cost of goods sold Gross profit Operating expenses Advertising expenses Selling and administrative salaries Depreciation expense-sales equipment Insurance expense" Utilities expense* Total operating expenses Net Income