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	$870
Purchases of raw materials*	$110
Direct labour	$130
Manufacturing overhead	$200
Administrative expenses	$160
Selling expenses	$140
Raw materials inventory, beginning*	$30
Raw materials inventory, ending*	$60
Work in process inventory, beginning	$50
Work in process inventory, ending	$10
Finished goods inventory, beginning	$150
Finished goods inventory, ending	$140

Required: (a.) Prepare a schedule of cost of goods manufactured in good form.