The following data (in thousands of dollars) have been taken from the accounting records of Larklin Corporation for the just completed year.
|
Sales |
$820 |
|
|
Purchases of raw materials |
$195 |
|
|
Direct labor |
$170 |
|
|
Manufacturing overhead |
$250 |
|
|
Administrative expenses |
$180 |
|
|
Selling expenses |
$140 |
|
|
Raw materials inventory, beginning |
$80 |
|
|
Raw materials inventory, ending |
$35 |
|
|
Work in process inventory, beginning |
$65 |
|
|
Work in process inventory, ending |
$30 |
|
|
Finished goods inventory, beginning |
$130 |
|
|
Finished goods inventory, ending |
$165 |
Prepare a Schedule of Cost of Goods Manufactured statement .