1. (10 points) The following data (in thousands of dollars) have been taken from the accounting records of Larsen Corporation for the just completed year. Assume that there are no indirect materials used in the company's finished goods. Sales....... $860 Purchases of raw materials.. $150 Direct labor.. $110 Manufacturing overhead. $210 Administrative expenses.. $130 Selling expenses...... $180 Raw materials inventory, beginning.. $40 Raw materials inventory, ending... $80 Work in process inventory, beginning... $20 Work in process inventory, ending..... $80 Finished goods inventory, beginning..... $80 Finished goods inventory, ending......... $150 a. (5 points) Prepare a Schedule of Cost of Goods Manufactured. b. (5 points) Compute the Cost of Goods Sold.