Prepare a schedule of cost of goods manufactured

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Reference no: EM13237857

Show all steps of your calculation and formula as well as the final answer ( to receive credit)
The following data (in thousands of dollars) have been taken from the accounting records of Dallas 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 for the Dallas Corp

Reference no: EM13237857

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