W204CCT1350 Special Assignment Template - Excel Help Search Insert Page Layout Formulas Data Review' View Cabin BIU AAE -A E E 3 Wrap Text Merge & Center - General $ -% E 8-98 Conditional Formatting Font Alignment Number SH x & C D E F G H I J K L The following data (in thousands of dollars) has been taken from the accounting records of Lanyard Corporation for the year just completed Sales $870 Purchases of raw materials $110 Direct labour $130 Manufacturing overhead $200 Administrative expenses $160 Selling expenses $140 Raw materials inventory, beginning $30 Raw materials inventory, ending $60 Work-in-process inventory, beginning Work-in-process inventory, ending $10 Finished goods inventory, beginning $150 Finished goods inventory. ending $140 $50 Required: a) Prepare a schedule of cost of goods manufactured in good form (9 marks) b) Compute the cost of goods sold (3 marks) c) Using data from your answers above as needed, prepare an income statement in good form (3 marks) Cover Page Q1 02 03 04 05 06 07 08 09 x N O W