Waterways Problem 01 bl-b3 Waterways Corporation is a private corporation formed for the purpose of providing the products and the service needed to rigate farms, commercial projects, and private laws. It has a centrally located factory in a U.S. oty that manufactures the products in markets to retail outlets across the nation. It also maintains a division that performs installation and warranty servicing in si metropolitan areas The mission of Waterways is to manufacture quality parts that can be used for effective inrigation projects that also conserve water. By that effort, the company hopes to satisfy its customers, perform rapid and responsible service, and serve the community and the employees who represent them in each community 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, 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 war's brother Ben, whos sprinkler designs and ideas about the installation of proper systems have been a major basis of the company's succes en is the vice president who oversee all aspects of design production in the company. The factory itself is managed by Todd Senter who les his live managers to supervise the factory employees. The factory make all of the parts for the relation system. The purchasing department is managed by Helen Hines The installation and training division is over seen by vice president Henry writer, who supervises the managers of the six local installation operations. Each of these local managers hin his or her own local service people. These service employees are trained by the home office under tanry Writer's direction because of the uniqueness of the company's products, There is a small human resources department under the direction of Sally Finton, a vicepresident who handle the employee paperwork, though hiring is actually performed by the separate departments. Teresa Totter in the vice president who heads the sales and marketing area; she oversees 10 well trained salespeople. 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 of the Institu of Management Accountants and holds a certificate in management accounting. She has a small staff of accountants, including controller and a treasurer, and a staff of accounting Input operators who maintain the financial records A partial list of Waterways accounts and their balances for the month of November follows Accounts Receivable Advertising Expenses $273,000 54.400 Accounts Receivable Advertising Expenses Cash Depreciation-Factory Equipment Depreciation-Office Equipment Direct Labor Factory Supplies Used Factory Utilities Finished Goods Inventory, November 30 Finished Goods Inventory, October 31 Indirect Labor Office Supplies Expense Other Administrative Expenses Prepaid Expenses Raw Materials Inventory, November 30 Raw Materials Inventory, October 31 Raw Materials Purchases Rent--Factory Equipment Repairs-Factory Equipment Salaries Sales Revenue Sales Commissions $273,000 54,400 260,400 16,800 2,400 41,700 16,800 10,200 68,500 72,200 47,500 1,500 72,300 41,600 52,200 38,100 182,700 47,100 4,400 324,500 1,361,600 40,700 Marl In Procace Inventory net hor 21 Onn ES Rent-Factory Equipment Repairs-Factory Equipment Salaries Sales Revenue Sales Commissions Work In Process Inventory October 31 Work In Process Inventory, November 30 47,100 4,400 324,500 1,361,600 40,700 52,900 42,000 ly 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 >> A A A A A A A II A > A A wave A
