Question
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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Accounting Tools for business decision making
Authors: kimmel, weygandt, kieso
4th Edition
978-0470117262, 9780470534786, 470117265, 470534788, 978-0470095461
