Crane Company's accounting records reflect the following
inventories:
Dec. 31, 2020 | Dec. 31, 2019 | ||
Raw materials inventory | $210000 | $160000 | |
Work in process inventory | 300000 | 160000 | |
Finished goods inventory | 190000 | 150000 |
During 2020, $700000 of raw materials were purchased, direct labor
costs amounted to $670000, and manufacturing overhead incurred was
$640000.
The total raw materials available for use during 2020 for Crane
Company is
$910000.
$650000.
$860000.
$560000.
The answer has been presented in the supporting sheet. For detailed answer refer to the supporting sheet.
Crane Company's accounting records reflect the following inventories: Dec. 31, 2020 Dec. 31, 2019 Raw materials...
Current Attempt in Progress Bonita Industries's accounting records reflect the following inventories: Dec. 31, 2020 Dec. 31, 2019 $260000 $210000 Raw materials inventory Work in process inventory Finished goods inventory 300000 160000 190000 150000 During 2020, $750000 of raw materials were purchased, direct labor costs amounted to $670000, and manufacturing overhead incurred was $640000. The total raw materials available for use during 2020 for Bonita Industries is $700000 $1010000 $960000. $610000.
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