Dolan Company's Accounting Records Reflect the Following Inventories During 2020, $800,000 of Raw Materials Were Purchased, Direct Labor
Dolan Company's accounting records reflect the following inventories: During 2020, $800,000 of raw materials were purchased, direct labor costs amounted to $670,000, and manufacturing overhead incurred was $640,000. If Dolan Company's cost of goods manufactured for 2020 amounted to $1,890,000, its cost of goods sold for the year is
A) $2,000,000.
B) $1,750,000.
C) $1,850,000.
D) $1,930,000.
Correct Answer:
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