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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
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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