Managerial accounting(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.

1.(TCO A).  

|  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.(Points : 15) 

 

    • 12 years ago
    Managerial accounting(Larklin Corporation)
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