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The following data (in thousands of dollars) have been taken from the...

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Accounting

The following data (in thousands of dollars) have been taken from the accounting records of Karlist Corporation for the just completed year.
Sales $800
Raw materials inventory, beginning $60
Raw materials inventory, ending $70
Purchases of raw materials $180
Direct labour $100
Manufacturing overhead $190
Administrative expenses $110
Selling expenses $150
Work in process inventory, beginning $70
Work in process inventory, ending $80
Finished goods inventory, beginning $120
Finished goods inventory, ending $160
The cost of the raw materials used in production during the year (in thousands of dollars) was:
Multiple Choice
$170.
$190.
$240.
$250.

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