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

The following data (in thousands of dollars) have been taken from the accounting records of Larder Corporation for the just completed year.

             

Sales............................................................................

$950

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

$170

Direct labor............................................................................

$210

Manufacturing overhead............................................................................

$200

Administrative expenses............................................................................

$180

Selling expenses............................................................................

$140

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

$70

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

$80

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

$30

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

$20

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

$100

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

$70


Prepare journal entries to record the information above. Key your entries by the letters a through i assuming all purchases are made on credit.

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ekkarill92 answered 1 year ago
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