The Berlekamp-Massey algorithm, the method of using the Euclid algorithm, and Fourier transforms over a finite field can be used for the decoding of Reed-Solomon codes (called RS codes). RS codes can also be decoded by the algorithm that was developed by Peterson and refined by the Gorenstein and Zierler. However, the decoding of RS codes using the Peterson-Gorenstein-Zieler algorithm offers sometimes computational or implementation advantages. The decoding procedure of the double-error correcting (31,27) Rs code over the symbol field GF ($2^5$) will be analyized in this paper. The complete analysis, gate array design, and implementation for encoder/decoder pair of (31.27)RS code are performed with a strong theoretical justification.