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

question 104

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 Gross Margin (in thousands of dollars) for the year?

• A) $350.
• B) $130.
• C) $390.
• D) $190.

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Definitions:

Alice Walker

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Political Power

The ability or authority to control or influence the behavior of others, especially in the governance of a country or area.

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An organization representing the black members of the United States Congress, aimed at addressing legislative concerns and policies affecting African Americans.