The following data (in thousands of dollars) have been taken from the accounting records of TCorp for the just completed year:

Administrative expenses $ 600

Direct labor 800

Finished goods inventory, beginning 480

Finished goods inventory, ending 640

Manufacturing overhead 920

Purchases of raw materials 480

Raw materials inventory, beginning 160

Raw materials inventory, ending 280

Sales 3,960

Selling expenses 560

Work in process inventory, beginning 280

Work in process inventory, ending 200

Answer the two questions below.

1)

What was the cost of the raw materials used in production during the year (in thousands of dollars)?

6.25 Points

• 640
• 920
• 360
• 480

2)

What was the cost of goods manufacturedforthe year (in thousands of dollars)?

6.25 Points

• 2160
• 2360
• 1800
• 2560