Calibri Calibri -11 n == %. Be Wrap Text General Wrap Text General gee Center - 5-%, 8 com BI U. 3- . A- E 35 E Merge & Center - $ - % , ainter con Form Da Font Font Alignment Number B C | D | E | F | Question 1 (15 Marks) The following data (in thousands of dollars) has been taken from the accounting records of Lanyard Corporation for the year just completed: Sales Purchases of raw materials Direct labour Manufacturing overhead Administrative expenses Selling expenses Raw materials inventory, beginning Raw materials inventory, ending Work-in-process inventory, beginning Work-in-process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending $870 $110 $130 $200 $160 $140 $30 $60 $50 $10 $150 $140 Required: a) Prepare a schedule of cost of goods manufactured in good form (9 marks) Cover Page Q1 Q2 Q3 Q4 05 06 07 08 09 pe here to search alibri General Wrap Text E Merge & Center 3.1 U - 1 - 1 - A = = E $ - % Font Alignment Number DEF HT Jales 'urchases of raw materials Direct labour Manufacturing overhead Administrative expenses Selling expenses Raw materials inventory, beginning Raw materials inventory, ending Work-in-process inventory, beginning Work-in-process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending $870 $110 $130 $200 $160 $140 $30 $60 $50 $10 $150 $140 Required: a) Prepare a schedule of cost of goods manufactured in good form (9 marks) ) Compute the cost of goods sold (3 marks) c) Using data from your answers above as needed, prepare an income statement in good form (3 marks) ge 01 02 03 04 05 06 07 08 09 search |0 | | x 1