2.Calculate the cost of goods manufactured (finished) for the year [in thousands of dollars]

3.Calculate the cost of goods sold for the year (in thousands of dollars)

QUESTION Three (5Marks)(CLO2) The following data (in thousands of dollars) have been taken from the accounting records of Karling Corporation for the just completed year. Required: Answer the following questions (Show your computations) 1. Calculate the cost of the raw materials used in production during the year (in thousands of dollars)