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The following data (in thousands of dollars) have been taken from the accounting records of Larden Corporation for the just-completed year.
Sales
$950
Purchases of raw materials
$170
Direct labor
$210
Manufacturing overhead
$220
Administrative expenses
$180
Selling expenses
$140
Raw materials inventory, beginning
$70
Raw materials inventory, ending
$80
Work-in-process inventory, beginning
$30
Work-in-process inventory, ending
$20
Finished goods inventory, beginning
$100
Finished goods inventory, ending
Required: Prepare a Schedule of Cost of Goods Manufactured statement in the text box below.
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EXPECTED NET CASH FLOWS
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