Northern Illinois Manufacturing provides products and the services needed to irrigate farms, parks, commercial products, and private homes. It has a centrally located factory thatmanufactures the products it markets to retail outlets across the nation. The month of November has just ended and Northern Illinois needs to generate a cost of goods manufactured and cost of goods sold for its income statement. The application of overhead is based on direct labor hours. At the beginning of the year, the company estimated direct labor hours of 40,000 and total estimated overhead of $2,000,000. During the month of November, the number of direct labor hours was 3,375. The following additional data for November is provided:

Indirect Materials in Manufacturing Overhead	$ 17,250
Advertising Expense	54,000
Depreciation Factory Equipment	16,800
Depreciation Office Equipment	2,500
Direct Labor	83,000
Factory Supplies	11,800
Factory Utilities	12,200
Finished Goods Inventory November 30	62,800
Finished Goods Inventory October 31	71,700
Indirect Labor	58,000
Office Supplies Expense	2,400
Other Administrative Expenses	62,000
Raw Materials Inventory November 30	53,700
Raw Materials Inventory October 31	28,000
Raw Materials Purchases	185,400
Rent Factory Equipment	57,000
Repairs Factory Equipment	5,200
Salaries	323,000
Sales	1,350,000
Sales Commissions	40,500
Work In Process Inventory November 30	80,900
Work In Process Inventory October 31	75,100
Property Tax on Factory	5,500

Instructions:

From the above information, prepare a cost of goods manufactured schedule, cost of goods sold schedule, and an income statement to the net operating income.