QUESTION 16 The following data (in thousands of dollars) have been taken from the accounting records of Rudy Corporation for the just completed year: Sales $800 Raw materials inventory - $ 60 beginning Raw materials inventory, ending $ 70 Purchases of raw materials $180 Direct labor $100 Manufacturing overhead $190 Administrative expenses $110 Selling expenses $150 Work in process $ 70 inventory, beginning Work in process inventory, $ 80 ending Finished goods inventory, $120 beginning Finished goods inventory, $160 ending The cost of the raw materials used in production during the year (in thousands of dollars) was O $240 O $190 O $170 O $200 O $250