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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!!!!

==============================================================================================

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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