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The following data (in thousands of dollars) have been taken from the accounting records of Karmana Corporation for the just completed year. Sales ................................................................$950 Raw
The following data (in thousands of dollars) have been taken from the accounting records of Karmana Corporation for the just completed year. Sales ................................................................$950 Raw materials inventory, beginning ......................$10 Raw materials inventory, ending ..........................$30 Purchases of raw materials ...............................$120 Direct labor ......................................................$180 Manufacturing overhead ...................................$230 Administrative expenses ...................................$100 Selling expenses ...............................................$140 Work in process inventory, beginning ..................$70 Work in process inventory, ending ......................$40 Finished goods inventory, beginning ..................$100 Finished goods inventory, ending ........................$80 Use these data to prepare (in thousands of dollars) a schedule of Cost of Goods Manufactured
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