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

 

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The following data (in thousands of dollars) have been taken from the accounting records of Rexman Corporation for the just completed year. Raw materials inventory, beginning $160 Raw materials inventory, ending 280 Work in process inventory, beginning 280 Work in process inventory, ending Finished goods inventory, beginning 200 480 Finished goods inventory, ending 640 Administrative expenses 600 Direct labor 800 Manufacturing overhead 920 Purchases of raw materials 480 Sales 3,960 Selling expenses 560 80 The cost of the raw materials used in production during the year (in thousands of dollars) was: The following data (in thousands of dollars) have been taken from the accounting records of Rexman Corporation for the just completed year. Raw materials inventory, beginning $160 Raw materials inventory, ending 280 Work in process inventory, beginning 280 Work in process inventory, ending Finished goods inventory, beginning 200 480 Finished goods inventory, ending 640 Administrative expenses 600 Direct labor 800 Manufacturing overhead 920 Purchases of raw materials 480 Sales 3,960 Selling expenses 560 80 The cost of the raw materials used in production during the year (in thousands of dollars) was: