Question 1 (3 points) Saved The following data (in thousands of dollars) have been taken from the accounting records of Karling Corporation for the year just ended. (3 marks) th Sales Raw materials inventory, beginning Raw materials inventory, ending Purchases of raw materials Direct labour Manufacturing overhead Administrative expenses Selling expenses Work-in-process inventory, beginning Work-in-process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending $990 $40 $70 $120 $200 $230 $150 $140 $70 $50 $120 $160 2 15 What was the cost of goods manufactured (finished) for the year (in thousands of dollars)? What was the cost of goods manufactured (finished) for the year (in thousands of dollars)? $570. $540. $500. $590