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2-30 The following data have been taken from the accounting records of Lawson Corp. for this year end: Sales $938 Purchases of raw material $188
2-30 The following data have been taken from the accounting records of Lawson Corp. for this year end: Sales $938 Purchases of raw material $188 Direct labour $150 Manufacturing overhead $275 Administravtive expenses $175 Selling expenses $213 Beginning raw material inventory $75 Ending raw material inventory $113 Beginning WIP inventory $63 Ending WIP inventoy $75 Beginning finished goods inventory $125 Ending finished goods inventory $150 Required: (a. ) Prepare a schedule of cost of goods manufactured in good form. (b.) Compute the cost of goods sold. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)
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