Dolan Manufacturing Company's accounting records reflect the following inventories: During 2010, $400,000 of raw materials were purchased, direct labor costs amounted to $500,000, and manufacturing overhead incurred was $480,000.
The total raw materials available for use during 2010 for Dolan Manufacturing Company is

Question

Dolan Manufacturing Company's accounting records reflect the following inventories:  During 2010, $400,000 of raw materials were purchased, direct labor costs amounted to $500,000, and manufacturing overhead incurred was $480,000.
The total raw materials available for use during 2010 for Dolan Manufacturing Company is

Quizplus · Accepted Answer

Raw materials available for use = Beginning raw materials inventory + Purchases
= $260,000 + $400,000 = $660,000.

Dolan Manufacturing Company's Accounting Records Reflect the Following Inventories