Required information The following data (in thousands of dollars) have been taken from the accounting records of Karlist Corporation for the just completed year. Sales Raw materials inventory, beginning Raw materials inventory, ending Purchases of raw materials Direct labour Manufacturing overhead Administrative expenses Selling expenses Work-in-process inventory, beginning Work-in-process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending $800 $60 $70 $180 $100 $190 $110 $150 $70 $80 $120 $160 What was the cost of goods sold (in thousands of dollars) for the year? Multiple Choice O $610. O $410. $490. $570 O