Thompson Company,a Manufacturing Firm,has Supplied the Following Information from Its

Essay

Thompson Company,a manufacturing firm,has supplied the following information from its accounting records for the month of November:
Required:
$$\begin{array} { l r } \text { Factory supplies used } & \$ 18,000 \\\text { Depreciation on factory building } & 17,000 \\\text { Sal ary of company controller } & 6,000 \\\text { Factory janitorial costs } & 5,000 \\\text { Marketing and promotion } & 4,500 \\\text { Direct labour cost } & 22,000 \\\text { Purchases of raw materials } & 10,000 \\\text { Finished goods inventory, Nov. 1 } & 2,250 \\\text { Finished goods inventory, Nov. } 30 & 3,750 \\\text { Work-in-process inventory, Nov. 1 } & 4,200 \\\text { Work-in-process inventory, Nov. 30 } & 2,750 \\\text { Materials inventory, Nov. 1 } & 3,500 \\\text { Materials inventory, Nov. 30 } & 5,100\end{array}$$ A. Prepare a statement of cost of goods manufactured.
B. Prepare a statement of cost of goods sold.