The Following Data (In Thousands of Dollars) Have Been Taken

question 29

Multiple Choice

The following data (in thousands of dollars) have been taken from the accounting records of Karlist Corporation for the just completed year.
$\begin{array} { | l | r | } \hline \text { Sales } & \$ 800 \\\hline \text { Raw materials inventory, beginning } & \$ 60 \\\hline \text { Raw materials inventory, ending } & \$ 70 \\\hline \text { Purchases of raw materials } & \$ 180 \\\hline \text { Direct labour } & \$ 100 \\\hline \text { Manufacturing overhead } & \$ 190 \\\hline \text { Administrative expenses } & \$ 110 \\\hline \text { Selling expenses } & \$ 150 \\\hline \text { Work-in-process inventory, beginning } & \$ 70 \\\hline \text { Work-in-process inventory, ending } & \$ 80 \\\hline \text { Finished goods inventory, beginning } & \$ 120 \\\hline \text { Finished goods inventory, ending } & \$ 160 \\\hline\end{array}$


-What was the cost of goods sold (in thousands of dollars) for the year?

• A) $610.
• B) $410.
• C) $490.
• D) $570.

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Definitions:

Creation

The action or process of bringing something into existence.

Naturally Occurring Elements

Elements that are found in nature without being artificially produced or synthesized in a laboratory.

Periodic Table

An organized chart that categorizes chemical elements based on atomic number, electron configuration, and consistent chemical properties.

Elemental Mass

The mass of a single atom of an element, typically measured in atomic mass units (amu) or grams per mole.