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  3. the following data (in thousands of dollars) have

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

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Accounting

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

records of Larder Corporation for the just completed year.

Sales ........................................................................... Php950

Purchases of raw materials ........................................ Php170

Direct labor ................................................................ Php210

Manufacturing overhead ............................................ Php200

Administrative expenses ............................................ Php180

Selling expenses ......................................................... Php140

Raw materials inventory, beginning .......................... Php70

Raw materials inventory, ending ............................... Php80

Work in process inventory, beginning ....................... Php30

Work in process inventory, ending ............................ Php20

Finished goods inventory, beginning ......................... Php100

Finished goods inventory, ending .............................. Php70

Required:

a. Help me prepare 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, help me prepare Income Statement ing ood form

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