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

Cost of Goods Manufactured $600

Purchases of raw materials

$250

Direct labour

$300

Manufacturing overhead

$125

Administrative expenses

$50

Selling expenses

$50

Raw materials inventory, beginning

$ 30

Raw materials inventory, ending

$ 20

Work in process inventory, beginning

$ 25

Work in process inventory, ending

$ 110

Finished goods inventory, beginning

$ 150

Finished goods inventory, ending

$150

Required:

a. Prepare a Schedule of Cost of Goods Sold using the form below:

Washington Square Corporation

Schedule of Cost of Goods Sold

Finished Goods Inventory, beginning Add: