The following data (in thousands of dollars) have been taken from the accounting records of Karmana Corporation for the just completed Sales $950 Raw materials inventory beginning $10 Raw materials inventory, ending $30 Purchases of raw materials $120 Direct labor $180 Manufacturing overhead $230 Administrative expenses $100 Selling expenses $140 $70 Work in process inventory. beginning $40 Work in process inventory, ending $100 Finished goods inventory beginning Finished goods inventory ending $80 Use these data to answer the following series of questions Reference: 23 The cost of goods sold for the year (in thousands of dollars) was: Select one