The cost of the raw materials used in production during the year (in thousands of dollars) was:

A) $250.
B) $170.
C) $240.
D) $190.

Raw Materials Inventory

Stocks of the basic materials and components that are used in production but have not yet been processed or used in the manufacturing process.

Direct Labour

Work specifically conducted by employees directly involved in the manufacturing process of a product.

Manufacturing Overhead

All manufacturing costs excluding direct labor and direct materials, such as utilities and rent for production facilities.