the cost of goods sold for the year in thousands of dollars was 633848
The following data (in thousands of dollars) have been taken from the accounting records of Karsten Corporation for the just completed year.
|
Sales |
$990 |
|
Raw materials inventory, beginning |
$70 |
|
Raw materials inventory, ending |
$30 |
|
Purchases of raw materials |
$100 |
|
Direct labor |
$200 |
|
Manufacturing overhead |
$160 |
|
Administrative expenses |
$180 |
|
Selling expenses |
$150 |
|
Work in process inventory, beginning |
$40 |
|
Work in process inventory, ending |
$70 |
|
Finished goods inventory, beginning |
$150 |
|
Finished goods inventory, ending |
$130 |
The cost of goods sold for the year (in thousands of dollars) was:
A) $490
B) $450
C) $620
D) $600