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The following data (in thousands of dollars) have been taken from the accounting records of Woolworth Corporation for the just completed year

Accounting Jan 14, 2021

The following data (in thousands of dollars) have been taken from the accounting records of Woolworth Corporation for the just completed year.

 

Sales ...................................................................... $880

Raw materials inventory, beginning ..................... $20

Raw materials inventory, ending ........................... $30

Purchases of raw materials .................................... $150

Direct labor ............................................................ $180

Page 1 of 4

 

Manufacturing overhead ....................................... $230

Administrative expenses ....................................... $100

Selling expenses .................................................... $130

Work in process inventory, beginning .................. $80

Work in process inventory, ending ....................... $30

Finished goods inventory, beginning .................... $120

Finished goods inventory, ending ......................... $100

 

Required:

Using the information given above, calculate the total cost of goods manufactured (in

thousands of dollars) for the year.

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