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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.
