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The following data (in thousands of dollars) have been taken from the accounting records of Croft Corporation for the most recent year. Administrative Expenses $300

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The following data (in thousands of dollars) have been taken from the accounting records of Croft Corporation for the most recent year. Administrative Expenses $300 Direct Labour I 400 Finished Goods inventory, beginning I 240 Finished Goods inventory, ending 320 Manufacturing overhead I 460 Purchases of raw materials 240 Raw material inventory, beginning I 80 Raw material inventory, ending 140 Sales | 1,980 Selling expenses 280 Work in process inventory, beginning I 140 Work in process inventory, ending I 100 The cost of goods manufactured (nished) for the year (in thousands of dollars) was: 0 $1,000

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