k P1-4 Tang P1-4.pdf Statement of cost of goods manufactured; income statement; balance sheet The adjusted trial balance for Rochester Electronics, Inc. on November 30, the end of its first month of operation, is as follows: Rochester Electronics, Inc. Trial Balance November 30, 2016 Cash Accounts Receivable Finished Goods. Work in Process Materials.... Building.... Accumulated Depreciation-Building Machinery and Equipment.... Accumulated Depreciation-Mach. and Equip. Accounts Payable Payroll.... Capital Stock Sales.. Cost of Goods Sold Factory Overhead Selling and Administrative Expenses. Indirect materials. Indirect labor.... Depreciation-building. Depreciation-machinery and equipment Utilities..... $21,800 16,200 13,900 7,400 300,000 88,000 Q 42,450 15,200 $504,950 $3,000 2,200 8,900 422,550 68,300 $184,90 The general ledger reveals the following additional data: a. There were no beginning inventories. b. Materials purchases during the period were $33,000. C. Direct labor cost was $18,500. d. Factory overhead costs were as follows: $504,950 $504, $ 1,400 4,300 3,000 2,200 2,750 $13,650 Required: 1. Prepare a statement of cost of goods manufactured for the month of November. 2. Prepare an income statement for the month of November. (Hint: Check to be sure that your figure for Cost of Goods Sold equals the amount given in the trial balance.) 3. Prepare a balance sheet as of November 30. (Hint: Do not for- get Retained Earnings.) -