3. The following data (in thousands of dollars) have been taken from the accounting records of Charles&Charles Corporation for the just completed year:

Sales ...................................................................... $990

Raw materials inventory, beginning ..................... $70

Raw materials inventory, ending ........................... $30

Purchases of raw materials .................................... $100

Direct labor ............................................................ $200

Manufacturing overhead ....................................... $160

Administrative expenses ....................................... $180

Selling expenses .................................................... $150

Work in process inventory, beginning .................. $40

Work in process inventory, ending ....................... $70

Finished goods inventory, beginning .................... $150

Finished goods inventory, ending ......................... $130

Required:

(i). Calculate the cost of the raw materials used in production during the year

(ii). Calculate the Manufacturing Cost for the year.

(iii). Calculate the cost of goods manufactured (finished) for the year (in thousands of dollars)

Please show the workings