the following data in thousands of dollars have been taken from the accounting recor 497229

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

Sales 1,150

Raw materials inventory, beginning15

Raw materials inventory, ending 40

Purchases of raw materials 150

Direct labor 250

Manufacturing overhead 300

Administrative expenses 500

Selling expenses 300

Work in process inventory, beginning 100

Work in process inventory, ending 150

Finished goods inventory, beginning 80

Finished goods inventory, ending 120

Use the above data to prepare (in thousands of dollars) a schedule of Cost of Goods Manufactured and a Schedule of Cost of Goods Sold for the year. In addition, what is the impact on the financial statements if the ending finished goods inventory is overstated or understated