Waterways Corporation is a private corporation formed for the purpose of providing the products and the services needed to irrigate tarms, parks. commercial projects, and private lawns. It has a centrally located factory in a US. city that manulactures the products it markets to retail outiets across the nation It also maintains a division that performs installation and warranty servicing in six. metropolitan areas. The mission of Waterways is to manuacture quality parts that can be used for effective irrigation projects that also conserve water. By that effort, the company hopes to satisfy its customers, perform rapid and responsible service, and serve the commumity and the emplovees who represent them in each cominunity The company has been growing ragidly, 10 management h considering new ideas to help the compary continue its growth and. maintain the hieh quality of its products. Waterways was founded by Will Winkman who is the company president and chief executive otficer (CEO). Working with him from the company's inception is Wils brother. Ben, whose speinkler designs and ideas about the instaliation of proper systems have been a major bavis of the company's success. Ben is the vice president who oversees all aspects of design and production in the compary. The factory itself is managed by Todd Senter who hires his line manugers to supervise the factory employees. The factory makes all of the parts for the irrigation systems. The purchasing department is managed by Helen Hines. The instaliation and training division is overseen by vice president Henry Writer, who supervises the managers of the six local installation operation. 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 unicueness of the compamys products. 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 aress she oversees 10 well-trained salespeople. The accounting and finken division of the company is headed by Ann Headman, who is the chicf financial officer (CFO) and a compuny vice president; she is a member of the institute of Management Accountants and holds a certificate in management accounting she The acceuntireand finance divisan of the comgany is headed by Ann Headman who b the chiel firancist othcer (CFO) and a compary vice preident ahe is a membec of the institute of Managensent Accountants and holds a certificate in managernent accounting 5 hhe has a sinall staff of account ants, including a controller and a treasurer, and a stalf of acceuntin ingut operators who maintain the hinandal recoeds Apartial lint of Waterwan' actounts and their balances for the mooth of November follews. A list of accounis and their values are siven above. From this information, prepare a cost of goods inanufactured schedule. ! WATERWAYS CORPORATION Cost ef Coods Manufactured Schedule WATERWAYS Con-RMTION Income statement 5 5 Alist of accounts and their values are given above. From this intormation, prepare a partial talance sheet for Waterways Corporation for the month of November. (List Current Assebs in erder of liquidity.)
