Prepare a schedule of cost of goods manufactured

Reference no: EM13765141

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

Sales.................................................................................$910
Purchases of raw materials................................................$225
Direct labor.......................................................................$245
Manufacturing overhead....................................................$265
Administrative expenses....................................................$150
Selling expenses................................................................$140
Raw materials inventory, beginning.....................................$15
Raw materials inventory, ending.........................................$45
Work-in-process inventory, beginning.................................$20
Work-in-process inventory, ending.....................................$55
Finished goods inventory, beginning...................................$100
Finished goods inventory, ending.......................................$135

Required: Prepare a Schedule of Cost of Goods Manufactured in the text box below

Reference no: EM13765141

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