Problem 1. The following information is for the Powerhouse Manufacturing Company for November.

Inventories	Nov 1	Nov 30
Raw Material	$19,750	$15,400
Work in Process	35,350	32,200
Finished Goods	21,300	27,900

Direct Labor (22,000 DLH @ $14)	$308,000
Raw Material Purchases	$155,000	Insurance-Office	2,750
Indirect Labor	11,600	Office Supplies Expense	1,050
Factory Supplies Used	475	Insurance-Factory	1,825
Other Expenses:		Depr. Office Equipment	3,900
Depreciation -Factory Equipment	18,100	Repair/Maintenance-Factory	7,800

Prepare a statement of Cost of Goods Manufactured and a statement of Cost of Goods Sold in good form.

Powerhouse Manufacturing Company
Cost of Goods Manufactured
For Month Ended November 30
Work in Process, (Nov 1)
Raw Material (Nov. 1)
RM Purchases
Raw Material Available
Raw Material (Nov. 30)
Raw Material Used
Direct Labor
Overhead:
Depreciation -Factory Equipment
Repairs/Maintenance-Factory
Indirect Labor
Insurance-Factory
Factory Supplies Used
Total Overhead
Total Current Manufacturing Costs
Total Work in Process
Work in Process (Nov. 30)
Cost of Goods Manufactured
Powerhouse Manufacturing Company
Cost of Goods Sold
For Month Ended November 30
Finished Goods (Nov. 1)
Cost of Goods Manufactured
Total Goods Available
Finished Goods (Nov. 30)
Cost of Goods Sold