Prepare schedule of cost of goods manufactured statement


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 $70

Required: Prepare a Schedule of Cost of Goods Manufactured statement in the text box below.

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Accounting Basics: Prepare schedule of cost of goods manufactured statement
Reference No:- TGS0510102

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