jamesa.ACC502.M6-b - A. Based on the information given,...

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Unformatted text preview: A. Based on the information given, construct an organizational chart of Waterways Corpo Vice President Production Vice President Marketing Vice President Finance {0718B9A0-DD5C-4ECA-B064-6E33F06C1A60} Stock Holders ganizational chart of Waterways Corporation 064-6E33F06C1A60} Stock Holders B. A list of accounts and their values are given above. From this information, prepare a cost of goods m Waterways Corporation for t Cost of goods manufactured Raw Materials Inventory, October 31 Add Raw Materials Purchases Available for use Less Raw Materials Inventory, November 30 Raw material used Direct labor Indirect Labor Depreciation—Factory Equipment Factory Supplies Used Factory Utilities Rent—Factory Equipment Repairs—Factory Equipment Total manufacturing cost Add Work In Process Inv, October 31 Less Work In Process Inv. November 30 Cost of goods manufactured 42,000 346650 52,900 185,400 223400 38,000 52,700 170700 22000 48,000 16,800 16,850 10,200 47,000 4,200 335750 nformation, prepare a cost of goods manufactured schedule, an income statement, and the current assets section of the balan Waterways Corporation for the month of November. Cost of goods Sold COGM Add Finished Goods Inv. October 31 Les Finished Goods Inv. November 30 Cost of goods sold Income statement Sales Less Sales commission Net sales Less cost of goods sold Gross profit Less operating expenses Salaries Advertising Expenses Depreciation Office Supplies Other Administrative Net income 325,000 54,000 2,500 1,400 72,000 ­454900 503700 ­40500 1309500 ­350900 958600 1350000 68,300 350900 72,550 346650 income statement, and the current assets section of the balance sheet for Current Assets Accounts Receivable Cash Prepaid Expenses Raw Materials Inventory, November 30 52,700 Work In Process Inv. November 30 Finished Goods Inv. November 30 Total current assets 42,000 68,300 759250 295,000 260,000 41,250 ...
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jamesa.ACC502.M6-b - A. Based on the information given,...

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