Managerial Accounting B
Test #Chapters
Name
Part Problems. There are four problems. Each one is worth the score indicated next
to the problem number. Show all work for complete credit. You may write your answers
on the test or attach extra pages. Please be NEAT when writing your answers. I cannot
grade illegible answers. points possible
points The following data have been taken from the accounting records of Larder
Corporation for the just completed year.
Sales.
Purchases of raw materials.
Direct labor.
Applied 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.
$
$
$
$
$
$
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, prepare an Income Statement using the
traditional format You MUST show all work!!
