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

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Accounting

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The following data (in thousands of dollars) have been taken from the accounting records of Alpha Corporation for the year just completed: Sales $870 Purchases of raw materials $110 Direct labor $130 $200 $160 $140 $30 Manufacturing overhead Administrative expenses Selling expenses Raw materials inventory, beginning* Raw materials inventory, ending* Work in process inventory, beginning Work in process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending $60 $50 $10 $150 $140 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 as needed, prepare an income statement in good form

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