The following data (in thousands of dollars) have been taken from the accounting records of the Maroon Corporation for the just-completed year.

Sales 1,150
Raw materials inventory, beginning 15
Raw materials inventory, ending 40
Purchases of raw materials 150
Direct labor 250
Manufacturing overhead 300
Administrative expenses 500
Selling expenses 300
Work in process inventory, beginning 100
Work in process inventory, ending 150
Finished goods inventory, beginning 80
Finished goods inventory, ending 120

Use the above data to prepare (in thousands of dollars) a schedule of Cost of Goods Manufactured and a Schedule of Cost of Goods Sold for the year. In addition, what is the impact on the financial statements if the ending finished goods inventory is overstated or understated