Coruscant Company is a brand new company that started operations on November $1,2019.$ Coruscant manufactures cold weather clothing. At the end of November $,2019,$ the accountant for Coruscant compiled the following information.

Item Amount

Administrative Expense $$27,000$

Direct Labor $$9,000$

Ending Finished Goods $$12,000$

Ending Raw Materials $$22,000$

Ending Work$-$in$-$Process $$8,000$

Manufacturing Overhead $$8,000$

Raw Materials Purchases $$57,000$

Sales Revenue $$140,000$

Selling Expense $$27,000$

Do not enter dollar signs or commas in the input boxes.

Do not use the negative sign.

a$)$ Prepare a schedule of cost of goods manufactured for November.

Coruscant Manufacturing

Schedule of Cost of Goods Manufactured

For the Month Ended November $30,2019$

Work$-$in$-$Process, November $1$ Answer

Direct Materials

Beginning raw materials Answer

Raw material purchases Answer

Raw materials available for use Answer

Ending raw materials inventory Answer

Direct Materials Requisitioned Answer

Direct Labor Answer

Total Factory Overhead Answer

Ending Work$-$in$-$Process Answer

Cost of Goods Manufactured Answer

b$)$ Prepare an income statement for November.

Coruscant Manufacturing

Income Statement

For the Month Ended November $30,2019$

Sales Revenue Answer

Cost of Goods Sold

Beginning Finished Goods Answer

Cost of Goods Manufactured Answer

Ending Finished Goods Answer

Answer

Gross Profit Answer

Operating Expenses

Administrative Expense Answer

Selling Expense Answer

Net Income Answer