REVISED CHAPTER ONE HOMEWORK SET THREE STUDENT COPY 1. Using the following data for February, calculate the cost of goods manufactured: $36.000 Direct labor Manufacturing overhead Ending work inventory work in process inventory 20.00 $19,000 $10,000 The cost of goods manufactured was: $78,000 B) 585,000 C) $72,000 D) $75,000 Calculation: Use the following information to answer questions 2 through 5: The following data in thousands of dollars) have been taken from the accounting records of Karsten Corporation for the just completed year. Raw materials inventory, ending Purchases ofraw materials Direct labor $160 Manufacturing overhe Administrative expenses $150 Selling expenses Work in process inventory, beginning in ending $150 Finished goods inventory, bet Finished goods inventory, ending Use these data to answer the following series of questions. 2. The cost of the raw materials used in production during the year (in thousands of dollars) was: A) $130 B) $170 C) $140 D) S60 Calculation