Solution-Make a schedule of cost of goods manufactured in

Make a schedule of cost of goods manufactured in good form

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Reference no: EM132803915

Question - The following data (in thousands of dollars) has been taken from the accounting records of lanyard corporation for the year just completed:

Sales 870

Purchase 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 50

Work in process inventory, ending 10

Finished good inventory, beginning 150

Finished good inventory, ending 140

Required -

a) Make a schedule of cost of goods manufactured in good form.

b) Compute the cost of goods sold.

c) Using data from your answers above as needed, make an income statement in good form.

Reference no: EM132803915

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Make a schedule of cost of goods manufactured in good form

Reference no: EM132803915

Reference no: EM132803915

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