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These are the instructions and Please do the questions in order !!a. Prepare a Schedule of Cost of Goods Manufactured in good form.b. Compute the

These are the instructions and Please do the questions in order !!a. Prepare a Schedule of Cost of Goods Manufactured in good form.b. Compute the Cost of Goods Sold.c. Using data from your answers above, prepare an Income Statement (using the traditional format).

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1. (8 points) The following data have been taken from the accounting records of Larder Corporation for the just completed year. Sales $1,900,000 Purchases of raw materials $320.000 Direct labor $355,000 Applied Manufacturing overhead $340,000 Administrative expenses $325,000 Selling expenses $210,000 Raw materials inventory, beginning $140.000 Raw materials inventory, ending $190.000 Work in process inventory, beginning $115,000 Work in process inventory, ending $150.000 Finished goods inventory, beginning $175.000 Finished goods inventory, ending $140,000

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