2. (7 points) The following data in thousands of dollars) have been taken from the accounting records of Darling Corporation for the just completed year. Sales ............ $980 Raw materials inventory, beginning. $40 Raw materials inventory, ending. $70 Purchases of raw materials $130 Direct labor..... $200 Manufacturing overhead.. $230 Administrative expenses. $150 Selling expenses $140 Work in process inventory, beginning.... $70 Work in process inventory, ending. $50 Finished goods inventory, beginning.. $120 Finished goods inventory, ending... $160 The cost of goods manufactured (finished) for the year (in thousands of dollars) was: b The cost of goods sold for the year (in thousands of dollars) was: The net operating income for the year (in thousands of dollars) was: a.