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

 

 Sales

 $950

 

 Purchases of raw materials

 $170

 

 Direct labor

 $210

 

 Manufacturing overhead

$220

 

 Administrative expenses

 $180

 

 Selling expenses

 $140

 

 Raw materials inventory, beginning

 $70

 

 Raw materials inventory, ending

 $80

 

 Work-in-process inventory, beginning

 $30

 

 Work-in-process inventory, ending

 $20

 

 Finished goods inventory, beginning

 $100

 

 Finished goods inventory, ending

 $70

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

 
    • 10 years ago
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