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6) Joyce Manufacturing Company's accounting records reflect the following inventories: Dec. 31, 2014 Raw materials inventory Work in process inventory Finished goods inventory $620,000 600,000
6) Joyce Manufacturing Company's accounting records reflect the following inventories: Dec. 31, 2014 Raw materials inventory Work in process inventory Finished goods inventory $620,000 600,000 380,000 Dec. 31,2013 $520,000 320,000 300,000 During 2014, $900,000 of raw materials were purchased, direct labor costs amounted to $1,000,000, and manufacturing overhead incurred was s960,000
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