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

Sales $950

Purchases of raw materials $225

Direct labor $250

Manufacturing overhead $295

Administrative expenses $150

Selling expenses $140

Raw materials inventory, beginning $30

Raw materials inventory, ending $45

Work-in-process inventory, beginning $20

Work-in-process inventory, ending $55

Finished goods inventory, beginning $100

Finished goods inventory, ending $135

Required - Prepare a Schedule of Cost of Goods Manufactured statement.