The following data $($in thousands of dollars$)$ have been taken from the accounting records of Karling Corporation for the year just ended.

Sales $$990$

Direct Materials Used $$90$

Direct labour $$250$

Manufacturing overhead $$320$

Administrative expenses $$150$

Selling expenses $$410$

Work$-$in$-$process inventory. beginning $$70$

Work$-$in$-$process inventory, ending $$50$

Finished goods inventory. Beginning $$100$

Finished goods inventory, ending $$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.