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 Larkin Corporation for the just completed year. Sales $860 Purchases of raw materials $170 Direct labor $220 Manufacturing overhead $210 Administrative expenses $120 Selling expenses $170 Raw materials inventory, beginning S 10 Raw materials inventory, ending $ 50 Work in progress inventory, beginning S 80 Work in progress inventory, ending S60 Finished goods inventory, beginning $110 Finished goods inventory, ending $100 Required: 2. Using T accounts open and make the required ledger entries to cach account - display the ending balance of each T account Icdger. b. Prepare a job cost sheet. c. Prepare a schedule of Cost of Goods manufactured in good form. d. Compute the cost of Goods sold
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