A. The cost of the raw materials used in production during the year:

B. The cost of goods manufactured for the year:

C. The cost of goods sold for the year:

D. The net income for the year:

Finished goods inventory, beginning	$240
Finished goods inventory, ending	320
Raw materials inventory, beginning	80
Raw materials inventory, ending	140
Work in process inventory, beginning	140
Work in process inventory, ending	100
Administrative expenses	300
Direct labor	400
Manufacturing overhead applied	460
Purchases of raw materials	240
Sales	1,980
Selling expenses	280