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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