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The following data (in thousands of dollars) have been taken from the accounting records of Larden Corporation for the just-completed year. Sales $950 Purchases of

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

Sales

$950

Purchases of raw materials

$170

Direct labor

$225

Manufacturing overhead

$220

Administrative expenses

$180

Selling expenses

$140

Raw materials inventory, beginning

$90

Raw materials inventory, ending

$80

Work-in-process inventory, beginning

$30

Work-in-process inventory, ending

$20

Finished goods inventory, beginning

$100

Finished goods inventory, ending

$70

Prepare a Schedule of Cost of Goods Manufactured statement in the text box below.

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