Waterways Corporation is a private corporation formed for the purpose of providing the products and the services needed to Irrigate farms, parks, commercial projects, and private lawns. It has a centrally located factory in a U.S. city that manufactures the products it markets to retail outlets across the nation. It also maintains a division that performs installation and warranty servicing in six metropolitan areas. tel The mission of Waterways is to manufacture quality parts that can be used for effective irrigation projects that also conserve water. By that effort, the company hopes ter to satisfy its customers, perform rapid and responsible service, and serve the community and the employees who represent them in each community pr The company has been growing rapidly, so management is considering new ideas to help the company continue its growth and maintain the high quality of its products. slo Waterways was founded by Will Winkman who is the company president and chief executive officer (CEO). Working with him from the company's inception is Will's brother, Ben, whose sprinkler designs and ideas about the installation of proper systems have been a major basis of the company's success. Ben is the vice president em who oversees all aspects of design and production in the company. he sati The factory itself is managed by Todd Senter who hires his line managers to supervise the factory employees. The factory makes all of the parts for the irrigation h systems. The purchasing department is managed by Helen Hines e ca th du The installation and training division is overseen by vice president Henry Writer, who supervises the managers of the six local installation operations. Each of these local managers hires his or her own local service people. These service employees are trained by the home office under Henry Writer's direction because of the uniqueness of the company's products. ater om othe There is a small human resources department under the direction of Sally Fenton, a vice president who handles the employee paperwork, though hiring is actually performed by the separate departments. Teresa Totter is the vice president who heads the sales and marketing area; she oversees 10 well-trained salespeople. ess 0 0 The accounting and finance division of the company is headed by Ann Headman, who is the chief Financial officer (CFO) and a company vice president, she is a member ne fa of the Institute of Management Accountants and holds a certificate in management accounting. She has a small staff of accountants, including a controller and a treasurer, and a staff of accounting input operators who maintain the financial records he p sten the A partial list of Waterways' accounts and their balances for the month of November follows Accounts Receivable $275,100 anac Advertising Expenses 53,600 Cash 258,800 Depreciation--Factory Equipment 16,900 mere Depreciation-office Equipment 2,400 erfon Direct Labor 42,100 Factory Supplies Used 16,700 he ad Factory Utilities 10,100 memb Finished Goods Inventory, November 30 68,200 trea: Finished Goods Inventory, October 31 71,900 Indirect Labor 47,900 part Office Supplies Expense 1,600 Other Administrative Expenses 71,700 Accou Prepaid Expenses 41,400 Raw Materials Inventory, November 30 52,100 Adver Raw Materials Inventory, October 31 38,000 Raw Materials Purchases Cash 184,600 Rent-Factory Equipment 47,300 Depre Repairs-Factory Equipment 4,400 Salaries 322,200 Depre Sales Revenue 1,361,200 Direct Sales Commissions 40,400 Factor Work In Process Inventory October 31 53,200 Work In Process Inventory, November 30 42,300 A list of accounts and their values are given above. From this information, prepare a cost of goods manufactured schedule. WATERWAYS CORPORATION Cost of Goods Manufactured Schedule sei ead, Study & Practice A list of accounts and their values are given above. From this information, prepare an income statement WATERWAYS CORPORATION Income Statement > Open Assignme ENT RESOURCES roject 1 Sp21 mays Problem 01 ays Problem 02 core Results by Study dy Al of accounts and there are vento. From the rest for Waterwer Corporation for the mother went in order WATERWAYS CORPORATION Balance Sheetartial Ovest A