Question 1 The following data (in thousands of dollars) have been taken from the accounting records of Karling Corporation )have been taken from the accounting records of Karling Corporation for the year just ended Sales Direct Materials Used Direct labour Manufacturing overhcad Administrative expenses Selling expenses Work-in-process inventory, beginning Work-in-process inventory, onding Finished goods inventory, beginning Finished goods inventory, ending $990 $ 90 $200 $230 $150 $140 s 70 s 50 $120 $160 Required a) Compute the Cost of Goods Manufactured b) Compute Cost of Goods Sold c) What is the Gross Margin for the Year? d) Compute Net Operating Income