Question: Hello. If formulas can be shown that would be greatly appreciated. Thank you. Excel Assignment #2- Cost of Goods Manufactured Northern Illinois Manufacturing provides products
Hello. If formulas can be shown that would be greatly appreciated. Thank you.

Excel Assignment #2- Cost of Goods Manufactured Northern Illinois Manufacturing provides products and services needed to irrigate farms, parks, commercial products, and private homes. It has a centrally located factory that manufactures the products it markets to retail outlets across the nation. The month of November has just ended and Northern Illinois needs to generate a cost of goods manufactured and cost of goods sold for its income statement. The application of overhead is based on direct labor hours. At the beginning of the year, the company estimated direct labor hours of 42,000 and total estimated overhead of $2,142,000. During the month of November, the number of direct labor hours was 3,300. The following additional data for November is provided: Indirect Materials in Manufacturing Overhead $ 17,500 Advertising Expense 52,000 Depreciation - Factory Equipment 17,500 Depreciation - Office Equipment 2,900 Direct Labor 44,000 Factory Supplies 16,300 Factory Utilities 10,500 Finished Goods Inventory - November 30 71,800 Finished Goods Inventory - October 31 73,500 Indirect Labor 45,000 Office Supplies Expense 1,900 Other Administrative Expenses 71,000 Raw Materials Inventory - November 30 53,000 Raw Materials Inventory - October 31 41,000 Raw Materials Purchases 186,500 Rent - Factory Equipment 45,000 Repairs - Factory Equipment 5,400 Salaries 335,000 Sales 1,425,000 Sales Commissions 42,750 Work In Process Inventory - November 30 44,000 Work In Process Inventory - October 31 51,000 Property Tax on Factory 5,500 Instructions: From the above information, prepare a cost of goods manufactured schedule, cost of goods sold schedule, and an income statement to the net operating income
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