ACCT 202 Study Guide - Final Guide: Gross Profit, Earnings Before Interest And Taxes, Income Statement
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The following data (in thousands of dollars) have been takenfrom the accounting records of Larden Corporation for thejust-completed year.
Sales | $950 |
Purchases of raw materials | $170 |
Direct labor | $225 |
Manufacturing overhead | $220 |
Administrative expenses | $180 |
Selling expenses | $140 |
Raw materials inventory, beginning | $90 |
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 | $70 |
Prepare a Schedule of Cost of Goods Manufactured statement in thetext box below.