CO A) 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.
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