The following data (in thousands of dollars) have been taken from the accounting records of Larklin Corporation

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The following data (in thousands of dollars) have been taken from the accounting records of Larklin Corporation for the just-completed year.

 

 Sales         $820

 

 Purchases of raw materials        $195

 

 Direct labor          $170

 

 Manufacturing overhead        $250

 

 Administrative expenses          $180

 

 Selling expenses        $140

 

 Raw materials inventory, beginning    $80

 

 Raw materials inventory, ending   $35

 

 Work-in-process inventory, beginning   $65

 

 Work-in-process inventory, ending   $30

 

 Finished goods inventory, beginning   $130

 

 Finished goods inventory, ending   $165

 

Required: Prepare a Schedule of Cost of Goods Manufactured  statement in the text box below.

    • 13 years ago
    Larklin Corporation _correct answers ! USE it as a GUIDE
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