Dolan Company's accounting records reflect the following inventories: $$\begin{array} { l c c }
& \text { Dec. 31, 2017 } & \text { Dec. 31, 2016 } \
\text { Raw materials inventory } & \$ 310,000 & \$ 260,000 \
\text { Work in process inventory } & 300,000 & 160,000 \
\text { Finished goods inventory } & 190,000 & 150,000
\end{array}$$ During 2017 $800000 of raw materials were purchased direct labor costs amounted to $670000 and manufacturing overhead incurred was $640000. Dolan Company's total manufacturing costs incurred in 2017 amounted to

Question

Dolan Company's accounting records reflect the following inventories: $$\begin{array} { l c c } 
& \text { Dec. 31, 2017 } & \text { Dec. 31, 2016 } \
\text { Raw materials inventory } & \$ 310,000 & \$ 260,000 \
\text { Work in process inventory } & 300,000 & 160,000 \
\text { Finished goods inventory } & 190,000 & 150,000
\end{array}$$ During 2017 $800000 of raw materials were purchased direct labor costs amounted to $670000 and manufacturing overhead incurred was $640000. Dolan Company's total manufacturing costs incurred in 2017 amounted to

Quizplus · Accepted Answer

Total manufacturing costs incurred = Raw materials purchased + Direct labor costs + Manufacturing overhead incurred= $800,000 + $670,000 + $640,000= $2,110,000

Dolan Company's Accounting Records Reflect the Following Inventories During 2017 $800000 of Raw Materials Were Purchased Direct Labor