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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.
 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\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?


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