Question
The following data (in thousands of dollars) have been taken from the accounting records of Larklin 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 Larklin 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 |
Prepare a Schedule of Cost of Goods Manufactured statement in the text box below.
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