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The Following Information Is for the Pawnee Manufacturing Company for November

Question 121

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The following information is for the Pawnee Manufacturing Company for November.


inventoriesBegining  Ending
Raw material    $19,750     $15,400
Work in process inventory  35,350      32,200
Finished goods inventory21,300    27,900
 Direct Labor (21,000 DLH @ $13)      
 Raw Material Purchases  $155,000 Insurance-Office  2,750 
 Indirect Labor  11,600  Office Supplies Expense  1,050
 Factory Supplies Used  475  Insurance-Factory  1,825
 Other Expenses:    Depr. Office Equipment  3,900
 Depr.-Factory Equipment  18,100  Repair/Maintenance-Factory  7,800

Prepare a statement of Cost of Goods Manufactured and a statement of Cost of Goods Sold in good form.

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