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Find the cost of goods sold for the year

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Reference no: EM13341584

The following data (in thousands of dollars) have been taken from the accounting records of Karlana Corporation for the just-completed year.

Sales

$910

Raw materials, inventory, beginning

$80

Raw materials, inventory, ending

$20

Purchases of raw materials

$100

Direct labor

$130

Manufacturing overhead

$200

Administrative expenses

$160

Selling expenses

$140

Work in process inventory, beginning

$40

Work in process inventory, ending

$10

Finished goods inventory, beginning

$130

Finished goods inventory, ending

$150

The cost of goods sold for the year (in thousands of dollars) was

Reference no: EM13341584

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