PB2-1
Req. 1 and 2
Raw Materials Inventory
Bal.
a.
b.
Work in Process Inventory
Bal.
f.
b.
Finished Goods Inventory
Bal.
g.
f.
c.
e.
Bal.
Bal.
Bal.
Manufacturing Overhead
b.
e.
Cost of Goods Sold
c.
g.
d.
Bal
d.
d.
Non-Manufacturing Expenses
Sales Revenue
Req. 3
d.
h.
d.
Bal.
Bal
PB2-1 (Continued)
Req. 4
Coda Industries
Cost of Goods Manufactured Report
For the Month of November
Beginning Raw Materials Inventory
Plus: Raw Material Purchases
Less: Indirect Material Used
Less: Ending Raw Materials Inventory
Direct Materials Used in Production
Direct Labor
Manufacturing Overhead
Total Current Manufacturing Costs
Plus: Beginning Work in Process Inventory
Total Work in Process
Less: Ending Work in Process Inventory
Cost of Goods Manufactured
Req. 5
Coda Industries
Income Statement
For the Month of November
Sales Revenue
Less: Cost of Goods Sold
Beginning Finished Goods Inventory
Plus: Cost of Goods Manufactured (see schedule
above)
Less: Ending Finished Goods Inventory
Unadjusted Cost of Goods Sold
Plus: Underapplied Manufacturing Overhead
Adjusted Cost of Goods Sold
Gross Profit
Less: Operating (Period) Expenses