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Lawrence Corp. a sporting goods manufacturer, provided the following information for the year ended December 31, 2020: Lawrence Corp. a sporting goods manufacturer, provided the

Lawrence Corp. a sporting goods manufacturer, provided the following information for the year ended December 31, 2020:

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Lawrence Corp. a sporting goods manufacturer, provided the following information for the year ended December 31, 2020: Inventories Beginning Ending Raw Materials Work-in-Process Finished Goods 55,000 25,200 97,000 61,000 47,800 49,100 Additional Information Sales Salaries 43,700 Direct Labor 127,900 Indirect Labor 32,200 Depreciation, Building and Equipment 12,400 Admininstrative Expenses 57,100 Insurance on Building 20,000 Raw Materials Purchases 146,400 Repairs & Maintenance - Building 4,900 Lawrence Corp. Schedule of Cost of Goods Sold For the Year Ending December 31, 2020 Beginning W-I-P Inventory Direct Materials Used: Beginnning Raw Materials Purchases of Raw Materials Raw Materials Available Ending Raw Materials Raw Materials Used Direct Labor Used Manufacturing Overhead: Depreciation, Bluilding & Equipme Insurance on Building Repair & Maintenance-Building Indirect Labor Total Manufacturing Overhead Total Manufacturing Costs Incurred Total Manufacturing Cost to Account for Less: Ending W-I-P Cost of Goods Manufactured Submit All Parts

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