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

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Accounting

The following data (in thousands of dollars) have been taken from the accounting records of Karling Corporation for the year just ended.
Sales $990
Direct Materials Used $90
Direct labour $250
Manufacturing overhead $320
Administrative expenses $150
Selling expenses $410
Work-in-process inventory. beginning $70
Work-in-process inventory, ending $50
Finished goods inventory. Beginning $100
Finished goods inventory, ending $160
Required:
a) Compute the Cost of Goods Manufactured
b) Compute Cost of Goods Sold
c) What is the Gross Margin for the Year?
d) Compute Net Operating Income.

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