1. Consider the following account balances (in thousands) for Ralston Company

2. Revenues in 2017 were $420 million. Compute the cost of materials used______ , cost of goods manufactured______ , cost of goods sold______ and operating profit______ . Please write your response in millions, e.g. $1 million write you answer as $1

Ralston Company Beginning of 2017 21,000 23,000 17,000 Direct materials inventory Work-in-process inventory Finished-goods inventory Purchases of direct materials Direct manufacturing labor Indirect manufacturing labor Plant rent Depreciation-plant, building, and equipment Marketing, and distribution costs General and administrative costs End of 2017 25,000 30,000 21,000 72,000 21,000 18,000 80,000 90,000 85,000 23,000