$40 Sales ...... $990 Raw materials inventory, beginning ....... - Raw materials inventory, ending .... $70 Purchases of raw materials...... $120 Direct labor ............ $200 - Manufacturing overhead ...................... $230 Administrative expenses ...................... $150 Selling expenses................. $140 Work in process inventory, beginning........ $70 Work in process inventory, ending ..... ... $50 Finished goods inventory, beginning .......... Finished goods inventory, ending .............. $160 $120 51. The cost of the raw materials used in production during the year (in thousands of dollars) was: A. $190 Rotho = 160 B. $90 C. $150 160-70=90 D. $160 52. The cost of goods sold for the year (in thousands of dollars) was: A. $700 coas= sals-gros maths.. B. $500 C. $660 = 120+ sze- D. $580