Describe a schedule of cost of goods manufactured


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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Accounting Basics: Describe a schedule of cost of goods manufactured
Reference No:- TGS0699209

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