1. (10 points) The following data (in thousands of dollars) have been taken from records of Karling Corporation for the just completed year. Sales... ..mm $990 Raw materials inventory, beginning....... $30 Raw materials inventory, ending. $70 Purchases of raw materials. $120 Direct labor.. $200 Manufacturing overhead. $230 Administrative expense5......mmmmmmmmmmull $150 Selling expense5...1 10101010 1010HILL $140 Work in process inventory, beginning. $70 Work in process inventory, ending......mmm $50 Finished goods inventory, beginning..... $120 Finished goods inventory, ending $160 a The cost of goods manufactured (finished) for the year (in thousands of d b. The cost of goods sold for the year (in thousands of dollars) was: C. The net operating income for the year (in thousands of dollars) was