The following data (in thousands of dollars) have been taken from the accounting records of the Maroon Corporation for the just-completed year.

Sales	1,150
Raw materials inventory, beginning	15
Raw materials inventory, ending	40
Purchases of raw materials	150
Direct labor	250
Manufacturing overhead	300
Administrative expenses	500
Selling expenses	300
Work in process inventory, beginning	100
Work in process inventory, ending	150
Finished goods inventory, beginning	80
Finished goods inventory, ending	120

Use the above data to prepare (in thousands of dollars) a Schedule of Cost of Goods Sold for the year. In addition, what is the impact on the financial statements if the ending finished goods inventory is overstated or understated?