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The following data (in thousands of dollars) have been taken from the accounting records of Larop Corporation for the just-completed year:
Sales................................................................. $910Purchases of raw materials...............................$225Direct 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
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