The following data (in thousands of dollars) have been taken from the accounting records of Larop Corporation

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The following data (in thousands of dollars) have been taken from the accounting records of Larop Corporation for the just completed year:

Sales.................................................................................$870

Purchases of raw materials................................................$190

Direct labor.......................................................................$200

Manufacturing overhead....................................................$230

Administrative expenses....................................................$150

Selling expenses................................................................$140

Raw materials inventory, beginning.....................................$10

Raw materials inventory, ending.........................................$40

Work in process inventory, beginning.................................$20

Work in process inventory, ending.....................................$50

Finished goods inventory, beginning...................................$90

Finished goods inventory, ending.......................................$130

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


Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Introduction To Probability And Statistics

ISBN: 9781133103752

14th Edition

Authors: William Mendenhall, Robert Beaver, Barbara Beaver

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