The following data (in thousands of dollars) have been taken from the accounting records of Larden Corporation for the just-completed year.
|
|
Sales
|
$950
|
|
|
Purchases of raw materials
|
$170
|
|
|
Direct labor
|
$210
|
|
|
Manufacturing overhead
|
$220
|
|
|
Administrative expenses
|
$180
|
|
|
Selling expenses
|
$140
|
|
|
Raw materials inventory, beginning
|
$70
|
|
|
Raw materials inventory, ending
|
$80
|
|
|
Work-in-process inventory, beginning
|
$30
|
|
|
Work-in-process inventory, ending
|
$20
|
|
|
Finished goods inventory, beginning
|
$100
|
|
|
Finished goods inventory, ending
|
$70
|
Required: Prepare a Schedule of Cost of Goods Manufactured statement