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

Required: Use these data to prepare (in thousands of dollars) a schedule of Cost of Goods Manufactured and a Schedule of Cost of Goods Sold for the year.

(TCO A) The following data (in thousands of dollars) have been taken from the accounting records of the following company for the just-completed year. $1,950 ....$50 $360 Raw materials inventory, beginning Purchases of raw materials Direct labor Manufacturing overhead Administrative expenses Selling expenses Work-in-process inventory, beginning .. Work-in-process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending $100 $50 $70 $200 $105 Required Use these data to prepare (in thousands of dollars) a schedule of Cost of Goods Manufactured and a Schedule of Cost of Goods Sold for the vear