The following data (in thousands of dollars) have been taken from the accounting records of Karsen Corporation for the just completed year.
|
Sales |
$930 |
|
Raw materials inventory, beginning |
$70 |
|
Raw materials inventory, ending |
$40 |
|
Purchases of raw materials |
$190 |
|
Direct labor |
$150 |
|
Manufacturing overhead |
$210 |
|
Administrative expenses |
$90 |
|
Selling expenses |
$120 |
|
Work in process inventory, beginning |
$80 |
|
Work in process inventory, ending |
$70 |
|
Finished goods inventory, beginning |
$90 |
|
Finished goods inventory, ending |
$140 |
|
Manufacturing overhead |
$210 |
|
Administrative expenses |
$90 |
|
Selling expenses |
$120 |
|
Work in process inventory, beginning |
$80 |
|
Work in process inventory, ending |
$70 |
The cost of the raw materials used in production during the year (in thousands of
dollars) was:
A) $230
B) $220
C) $160
D) $260