University Of North Carolina At Chapel Hill Operations And Supply Chain Management Assignment Help -
Question - The following data (in thousands of dollars) have been taken from the accounting records of Karlana
Corporation for the just-completed year.
Sales
$910
Raw materials, inventory, beginning
$80
Raw materials, inventory, ending
$20
Purchases of raw materials
$100
Direct labor
$130
Manufacturing overhead
$200
Administrative expenses
$160
Selling expenses
$140
Work in process inventory, beginning
$40
Work in process inventory, ending
$10
Finished goods inventory, beginning
$130
Finished goods inventory, ending
$150
8. The cost of the raw materials used in production during the year (in thousands of dollars) was
A. $180.
B. $120.
C. $160.
D. $40.
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