Excel TOTAL MARKS 0 150 110 210 130 180 Question 1 The following data (in thousands of dollars) have been taken from the accounting records of Larner Corporation for the year just completed Sales 860 Purchase of raw materials Direct labour Manufacturing overhead Administrative expenses Selling expenses Raw materials inventory, beginning 40 Raw materials inventory, ending Work-in-process inventory, beginning 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. (c) Using data from your answers above as needed, prepare an income statement in good form. 80 20 80 80 150