# Question: The adjusted trial balance for Kokomo Furniture Company on November

The adjusted trial balance for Kokomo Furniture Company on November 30, the end of its first month of operation, is as follows:


The general ledger reveals the following additional data:
a. There were no beginning inventories.
b. Materials purchases during the period were \$33,000.
c. Direct labor cost was \$18,500.
d. Factory overhead costs were as follows:
Indirect materials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,400
Indirect labor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,300
Depreciation­building . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,000
Depreciation­machinery and equipment . . . . . . . . . . . . . . 2,200
Utilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,750
\$13,650
Required:
1. Prepare a statement of cost of goods manufactured for the month of November.
2. Prepare an income statement for the month of November.
3. Prepare a balance sheet as of November 30.
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