Dolan Manufacturing Company's accounting records reflect the following inventories: Dec. 31, 2011 Dec. 31, 2010 Raw materials inventory $310,000 $260,000 Work in process inventory $300,000 $160,000 During 2011, $400,000 of raw materials were purchased, direct labor costs amounted to $500,000, and manufacturing overhead incurred was $480,000. Dolan Manufacturing Company's total cost of goods manufactured in 2011, calculate total cost of goods manufactured?
Dolan Manufacturing Company's accounting records reflect the following inventories: Dec. 31, 2011 Dec. 31, 2010 Raw materials inventory $310,000 $260,000 Work in process inventory $300,000 $160,000 During 2011, $400,000 of raw materials were purchased, direct labor costs amounted to $500,000, and manufacturing overhead incurred was $480,000. Dolan Manufacturing Company's total cost of goods manufactured in 2011, calculate total cost of goods manufactured?
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 6PA: During the year, a company purchased raw materials of $77,321, and incurred direct labor costs of...
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