Question
The following data (in thousands of dollars) have been taken from the accounting records of Larop Corporation for the just completed year. Sales................................................................................. $870 Purchases
The following data (in thousands of dollars) have been taken from the accounting records of Larop Corporation for the just completed year.
| Sales................................................................................. | $870 |
| Purchases of raw materials.............................................. | $190 |
| Direct labor...................................................................... | $200 |
| Manufacturing overhead................................................. | $230 |
| Administrative expenses.................................................. | $150 |
| Selling expenses.............................................................. | $140 |
| Raw materials inventory, beginning................................ | $10 |
| Raw materials inventory, ending.................................... | $40 |
| Work in process inventory, beginning............................. | $20 |
| Work in process inventory, ending................................. | $50 |
| Finished goods inventory, beginning.............................. | $90 |
| Finished goods inventory, ending................................... | $130 |
Required: a. Prepare Direct Materials Used in good form
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