2-8 The following data have been taken from the accounting records of Lawson Corp. for this year end:
Sales			$970
Purchases of raw material			145
Direct labour			130
Manufacturing overhead			195
Administravtive expenses			125
Selling expenses			130
Beginning raw material inventory			55
Ending raw material inventory			70
Beginning WIP inventory			40
Ending WIP inventoy			90
Beginning finished goods inventory			45
Ending finished goods inventory			120
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 as needed, prepare an income statement in good form.