Solution-Prepare schedule of cost of goods manufactured in

Prepare schedule of cost of goods manufactured in good form

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Reference no: EM132878675

Question - The following data (in thousands of dollars) have been taken from the accounting. Records of Larder Corporation for the just completed year.

Sales Php950

Purchases of raw materials Php170

Direct labor Php210

Manufacturing overhead Php200

Administrative expenses Php180

Selling expenses Php140

Raw materials inventory, beginning Php70

Raw materials inventory, ending Php80

Work in process inventory, beginning Php30

Work in process inventory, ending Php20

Finished goods inventory, beginning Php100

Finished goods inventory, ending Php70

Required -

a. Help me prepare 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, help me prepare Income Statement in good form?

Reference no: EM132878675

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Prepare schedule of cost of goods manufactured in good form

Reference no: EM132878675

Reference no: EM132878675

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