Prepare a schedule of cost of goods manufactured

Assignment Help Accounting Basics

Reference no: EM13767490

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

Reference no: EM13767490

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