J
John S.
Guest
A company's accounting records reflect the following inventories:
Raw materials inventory(Dec. 31, 2008) $300,000, Raw materials inventory(Dec. 31,2007) $275,000
Work in process inventory(Dec. 31, 2008) $100,000 Work in process inventory(Dec. 31, 2007) $160,000
Finished goods inventory Dec. 31, 2008) $400,000 Finished goods inventory (Dec. 31, 2007) $230,000
During 2008, $650,000 of raw materials were purchased, direct labor costs amounted to $720,000, and manufacturing overhead incurred was $530,000. the company's total manufacturing costs incurred in 2008 amounted to
A. $1,875,000.
B. $1,825,000.
C. $1,925,000.
D. $1,465,000
How do you calculate this?
Raw materials inventory(Dec. 31, 2008) $300,000, Raw materials inventory(Dec. 31,2007) $275,000
Work in process inventory(Dec. 31, 2008) $100,000 Work in process inventory(Dec. 31, 2007) $160,000
Finished goods inventory Dec. 31, 2008) $400,000 Finished goods inventory (Dec. 31, 2007) $230,000
During 2008, $650,000 of raw materials were purchased, direct labor costs amounted to $720,000, and manufacturing overhead incurred was $530,000. the company's total manufacturing costs incurred in 2008 amounted to
A. $1,875,000.
B. $1,825,000.
C. $1,925,000.
D. $1,465,000
How do you calculate this?