Question

The adjusted trial balance for Rochester Electronics, Inc. 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
Depreciation–building.............................................. 3,000
Depreciation–machinery 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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  • CreatedMarch 31, 2015
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