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Dolan Company's Accounting Records Reflect the Following Inventories: During

Question 105

Multiple Choice

Dolan Company's accounting records reflect the following inventories: Dolan Company's accounting records reflect the following inventories:   During 2017, $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 2017 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. During 2017, $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 2017 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.

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