Reference no: EM132514983
Coruscant Company is a brand new company that started operations on November 1, 2019. Coruscant manufactures cold weather clothing. At the end of November , 2019, the accountant for Coruscant compiled the following information.
Administrative Expense $27,000
Direct Labor $9,000
Ending Finished Goods $12,000
Ending Raw Materials $22,000
Ending Work-in-Process $8,000
Manufacturing Overhead $8,000
Raw Materials Purchases $57,000
Sales Revenue $140,000
Selling Expense $27,000
Question a) How can create schedule of cost of goods manufactured for November?
Question b) Is an income statement for November possible, and how would make it if so?