Problem 2)

Ending work in process inventory work in process inventory.... 9000 The cost of goods manufactured was: A) 13,000 B) $85,000 C) $72,000 D) $75,000 Calculation: Use the following information to answer questions The following data dollars been taken from the accounting records of Karsten Corporation for the just completed year. $990 Raw materials invent beginning. Raw matenals Purchases of raw ma 100 Direct labor $200 Manufacturing overhea 60 180 Administrative expenses $150 enses Work in process inventory, beginning in process inventory, ending Finished goods inventory, ending 150 $130 Use these data to answer the following series of questions. 2. The cost of the raw materials used in production during the year (in thousands of dollars) was: A) $130 B) $170 C) $140 D) $60 Calculation