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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

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solution


Question

1. (TCO 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

 

Paper#75234 | Written in 18-Jul-2015

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