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...