1. The following data (in thousands of dollars) have been taken from the accounting records of Larklin Corporation for the just-completed year.
Sales
\$920
Purchases of raw materials
\$215
Direct labor
\$170
\$275
\$180
Selling expenses
\$140
Raw materials inventory, beginning
\$100
Raw materials inventory, ending
\$65
Work-in-process inventory, beginning
\$75
Work-in-process inventory, ending
\$35
Finished goods inventory, beginning
\$130
Finished goods inventory, ending
\$165
Prepare a Schedule of Cost of Goods Manufactured statement in the text box below. (Points : 15)

Question 2. 2. (TCO B) The Florida Company manufactures a product that goes through three processing departments. Information relating to activity in the first department during June is given below.
Percentage Completed
Units
Materials
Conversion
Work in process, June 1
160,000
65%
45%
Work in process, Jun 30
130,000
75%
65%
The department started 650,000 units into production during the month and transferred 680,000 completed units to the next department.
Required: Compute the equivalent units of production for the first department for June, assuming that the company uses the weighted-average method of accounting for units and costs. (Points : 20)
110,175

Question 3. 3. (TCO C) A cement manufacturer has supplied the following data.
Tons of cement produced and sold
220,000
Sales revenue
\$924,000
Variable manufacturing expense
\$297,000
Fixed manufacturing expense
\$280,000
\$165,000
\$82,000
Net operating income
\$100,000
Required: (this is the same question as the first question please apply the same answers)
Calculate the company's unit contribution margin:
Calculate the company's contribution margin ratio.
If the company increases its unit sales volume by 5% without increasing its fixed expenses, what would the company's net operating income be?

Question 4. 4. (TCO D) The Hampton Company produces and sells a single product. The following data refer to the year just completed.
Selling price
\$450
Units in beginning inventory
0
Units produced
25,000
Units sold
22,000
Variable costs per unit:
Direct materials
\$150
Direct labor
\$75