Raw-Material Inventory Accounts Payable Bal. 10/31 15,200 Bal. 10/31 12,200 69,800 40,000 81,000 69,800 Bal. 11/30 45,000 Bal. 11/30 1,000 Work-in-Process Inventory Finished-Goods Inventory Bal. 10/31 8,000 Bal. 10/31 35,000 Direct material 40,000 150,000 Direct labor 80,000 Overhead 60,000 150,000 Bal. 11/30 185,000 Bal. 11/30 38,000 Manufacturing Overhead 60,000 60,000 Wages Payable Bal. 10/31 1,000 79,500 Bal. 11/30 80,000 1,500 Bal. 10/31 Accounts Receivable 8,000 Bal. 11/30 8,000 Cost of Goods Sold 0 Sales Revenue