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1. (9 points) The following data have been taken from the accounting records of Larder Corporation for the just completed year S1,550,000 $210,000 $345,000 S360,000

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1. (9 points) The following data have been taken from the accounting records of Larder Corporation for the just completed year S1,550,000 $210,000 $345,000 S360,000 $315,000 .. $210,000 $170,000 $120,000 $120,000 $115,000 $150,000 $165,000 Purchases of raw materials Work in process inventory, beginning.... Finished goods inventory, begining... Finished goods inventory, ending.... Required a. Prepare a Schedule of Cost of Goods Manufactured in good form. b. Compute the Cost of Goods Sold. c. Using data from your answers above, prepare an Income Statement (using the traditional format)

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