Part $1.$ Problems. There are four problems. Each one is worth the score indicated next

to the problem number. Show all work for complete credit. You may write your answers

on the test or attach extra pages. Please be NEAT when writing your answers. I cannot

grade illegible answers. $(40$ points possible$)$

$(12$ points$)$ The following data have been taken from the accounting records of

Larder Corporation for the just completed year.

Required:

a$.$ Prepare a Schedule of Cost of Goods Manufactured in good form.

b$.$ Compute the Cost of Goods Sold.

c$.$ Using data from your answers above, prepare an Income Statement $($using the

traditional format$).$