Reference no: EM132454861
Problem - The following data (in thousands of dollars) have been taken from the accounting records of Larop Corporation for the just-completed year.
Sales $950
Purchases of raw materials $225
Direct labor $250
Manufacturing overhead $295
Administrative expenses $150
Selling expenses $140
Raw materials inventory, beginning $30
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 statement.
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: Raw materials inventory, beginning $30 and Work-in-process inventory, beginning $20. Prepare a Schedule of Cost of Goods Manufactured statement
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