08 My Courses The following data (in thousands of dollars) have been taken from the accounting records of Larner Corporation for the year just completed: Sales $870 Purchases of raw materials $110 Direct labour $130 Manufacturing overhead $200 Administrative expenses $160 $140 $30 $60 Selling expenses Raw materials inventory, beginning Raw materials inventory, ending. Work in process inventory, beginning Work in process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending Required: Compute the cost of goods sold. $50 $10 $150 $140