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Selected financial information for Belfast Manufacturing is presented in the following table (000s omitted). Sales revenue $ 4,000 Purchases of direct materials $ 500 Direct
Selected financial information for Belfast Manufacturing is presented in the following table (000s omitted). Sales revenue $ 4,000 Purchases of direct materials $ 500 Direct labor $ 450 Manufacturing overhead $ 620 Operating expenses $ 700 Beginning direct raw materials inventory $ 150 Ending direct raw materials inventory $ 170 Beginning work in process inventory $ 320 Ending work in process inventory $ Beginning finished goods inventory $ 250 Ending finished goods inventory $ 200 310 How much was cost of goods sold? $1,610 $1,530 $2,270 $1,570
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