Question: DATA SECTION: For the Month Ended November 30, 2017 Balance Balance November 1 November 30 Raw Material Inventory $ 5,600 $ 4,100 Work in Process
DATA SECTION: For the Month Ended November 30, 2017 Balance Balance November 1 November 30 Raw Material Inventory $ 5,600 $ 4,100 Work in Process Inventory 10,200 12,800 Finished Goods Inventory 8,100 6,700 Purchases of Raw Materials $63,000 Direct Manufacturing Labor 15,000 Indirect Manufacturing Labor 32,000 Plant Insurance 8,000 Depreciation Expense - Plant, Building, and Equip. 22,000 Repairs and Maintenance - Plant 7,200 Marketing, Distribution, and Customer-Service Costs 24,000 General and Administrative Costs 19,200 Revenue 258,300 Income Tax Rate 40.00%
TASK: Prepare a cost of goods manufactured schedule and an income statement.
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