1) The following data (in thousands of dollars) have been taken from the accounting records of Larsen Corporation for the just completed year. Sales Purchases of raw materials Direct labour Manufacturing overhead. Administrative expenses Selling expenses $860 $150 $110 $210 $130 $180 Raw materials inventory, beginning $ 40 Raw materials inventory, ending $ 80 Work in process inventory, beginning $ 20 Work in process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending Required: a. Prepare a Schedule of Cost of Goods Manufactured in good form b. Compute the Cost of Goods Sold. $ 80 S 80 $150