Question 9

QUESTION 9 Consider the following account balances (in thousands) for Ralston Company: End of Ralston Company Beginning of 2017 24,000 25,000 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 2017 25,000 30,000 21,000 72,000 21,000 18,000 80,000 90,000 85,000 23,000 Revenues in 2017 were $400 millions. Compute cost of materials used cost of goods manufactured and operating profit . Please write the information in millions. For example, for $ cost of goods sold 1 million, write your answer as $1