2.

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

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.