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

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

 

Sales................................................................. $910

Purchases of raw materials...............................$225

Direct labor........................................................$245 

Manufacturing overhead...................................$265 

Administrative expenses...................................$150 

Selling expenses...............................................$140 

Raw materials inventory, beginning....................$15 

Raw materials inventory, ending.........................$45 

Work-in-process inventory, beginning.................$20 

Work-in-process inventory, ending.....................$55 

Finished goods inventory, beginning..................$100 

Finished goods inventory, ending.......................$135

 

 

 

Required:   Prepare a Schedule of Cost of Goods Manufactured

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