Question: The following data (in thousands of dollars) have been taken from the accounting records of Karlist Corporation for the just completed year. Sales $800 Raw
The following data (in thousands of dollars) have been taken from the accounting records of Karlist Corporation for the just completed year.
| Sales | $800 |
| Raw materials inventory, beginning | $60 |
| Raw materials inventory, ending | $70 |
| Purchases of raw materials | $180 |
| Direct labour | $100 |
| Manufacturing overhead | $190 |
| Administrative expenses | $110 |
| Selling expenses | $150 |
| Work-in-process inventory, beginning | $70 |
| Work-in-process inventory, ending | $80 |
| Finished goods inventory, beginning | $120 |
| Finished goods inventory, ending | $160 |
What was the cost of goods manufactured (finished) for the year (in thousands of dollars)?
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