Question

Dantooine Company is a brand new company that started operations on November 1, 2019. Dantooine manufactures cold weather clothing. At the end of November , 2019, the accountant for Dantooine compiled the following information.

Item	Amount
Administrative Expense	$25,000
Direct Labor	$10,000
Ending Finished Goods	$13,000
Ending Raw Materials	$24,000
Ending Work-in-Process	$6,000
Manufacturing Overhead	$9,000
Raw Materials Purchases	$53,000
Sales Revenue	$139,000
Selling Expense	$23,000

Do not enter dollar signs or commas in the input boxes.
Do not use the negative sign.

a) Prepare a schedule of cost of goods manufactured for November.

Dantooine Manufacturing
Schedule of Cost of Goods Manufactured
For the Month Ended November 30, 2019
Work-in-Process, November 1		Answer
Direct Materials
Beginning raw materials	Answer
Raw material purchases	Answer
Raw materials available for use	Answer
Ending raw materials inventory	Answer
Direct Materials Requisitioned		Answer
Direct Labor		Answer
Total Factory Overhead		Answer
Ending Work-in-Process		Answer
Cost of Goods Manufactured		Answer

b) Prepare an income statement for November.

Dantooine Manufacturing
Income Statement
For the Month Ended November 30, 2019
Sales Revenue		Answer
Cost of Goods Sold
Beginning Finished Goods	Answer
Cost of Goods Manufactured	Answer
Ending Finished Goods	Answer	Answer
Gross Profit		Answer
Operating Expenses
Administrative Expense		Answer
Selling Expense		Answer
Net Income		Answer

Answer 1