ACCT 346 Final Exam TCO 9 DeVry

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ACCT 346 Final Exam TCO 9 DeVry
(TCO 9) The following data (in thousands of dollars) have been taken from the accounting records of Karmana Corporation…

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ACCT 346 Final Exam TCO 9 DeVry

ACCT 346 Final Exam TCO 9 DeVry

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(TCO 9) The following data (in thousands of dollars) have been taken from the accounting records of Karmana Corporation for the just-completed year.
Sales ………………………………………………………$950
Raw materials inventory, beginning …………………$10
Raw materials inventory, ending …………………….$30
Purchases of raw materials ………………………….$120
Direct labor ………………………………………………$180
Manufacturing overhead ……………………………..$230
Administrative expenses ……………………………..$100
Selling expenses ………………………………………..$….
Work-in-process inventory, beginning ………………$…
Work-in-process inventory, ending ………………….$…
Finished goods inventory, beginning ………………$…
Finished goods inventory, ending ……………………$…

Use these data to prepare (in thousands of dollars) a schedule of Cost of Goods Manufactured and a Schedule of Cost of Goods Sold for the year. (Points : 30)