Question - The following data (in thousands of dollars) have been taken from the accounting records of Larklin Corporation for the just-completed year.
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Sales
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$920
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Purchases of raw materials
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$215
|
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Direct labor
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$170
|
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Manufacturing overhead
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$275
|
|
Administrative expenses
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$180
|
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Selling expenses
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$140
|
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Raw materials inventory, beginning
|
$100
|
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Raw materials inventory, ending
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$65
|
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Work-in-process inventory, beginning
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$75
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Work-in-process inventory, ending
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$35
|
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Finished goods inventory, beginning
|
$130
|
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Finished goods inventory, ending
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$165
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Prepare a Schedule of Cost of Goods Manufactured statement in the text box below.