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Accounting HELP!!!! ============================================================================================== ABC Company had the following inventory balances for Year 2: Beginning Balance Ending Balance Raw Materials $470 $160 Work In Process $420
Accounting HELP!!!!
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ABC Company had the following inventory balances for Year 2:
Beginning Balance | Ending Balance | |||
Raw Materials | $470 | $160 | ||
Work In Process | $420 | $310 | ||
Finished Goods | $450 | $1150 |
During Year 2, ABC Company had the following transactions related to inventory:
- Purchased $220 of raw materials
- Incurred direct labor costs of $180
- Allocated manufacturing overhead costs of $90
- Sold inventory to customers for $700 that cost $210 to make
What was ABC Company's Total Manufacturing Cost during Year 2?
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