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Statement of cost of goods manufactured; income statement; balance sheet The adjusted trial balance for Sturek Furniture Company on November 30, the end of its
Statement of cost of goods manufactured; income statement; balance sheet The adjusted trial balance for Sturek Furniture Company on November 30, the end of its first month of operation, is as follows: The general ledger reveals the following additional data: There were no beginning inventories. Materials purchases during the period were $33.000. Direct labor cost was $18,500. Factory overhead costs were as follows: Required: Prepare a statement of cost of goods manufactured for the month of November. Prepare an income statement for the month of November. Prepare a balance sheet as of November 30. {Hint: Do not forget Retained Earnings.)
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