Question
The following data (in thousands of dollars) have been taken from the accounting records of ABC Corporation for the just-completed year. Sales $920 Purchases of
The following data (in thousands of dollars) have been taken from the accounting records of ABC Corporation for the just-completed year. Sales $920 Purchases of raw materials $215 Direct labor $170 Manufacturing overhead $275 Administrative expenses $180 Selling expenses $140 Raw materials inventory, beginning $100 Raw materials inventory, ending $65 Work-in-process inventory, beginning $75 Work-in-process inventory, ending $35 Finished goods inventory, beginning $130 Finished goods inventory, ending $165 REQUIRED: Prepare a Schedule of Cost of Goods Manufactured Statement in the text box below.
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