Larder Corporation Income Statement: Home Run Practice Sales Purchases of raw materials Direct labor Total Manufacturing Costs Administrative expenses Selling expenses Raw materials inventory, beginning Raw materials inventory, ending Work in process inventory, beginning Work in process inventory, ending $950 $170 $210 $570 $180 $140 H&for Home Run $70 $80 $30 $20 $100 Finished goods inventory, beginning The above data din thousands of dollars) have been taken from the accounting records of Larder Corporation for the just completed year. Required: