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Ace Company's accounting records reflect the following inventories: Dec. 31. 2018 Dec. 31, 2017 Raw materials inventory $620,000 $520,000 Work in process inventory 600,000 320,000
Ace Company's accounting records reflect the following inventories: Dec. 31. 2018 Dec. 31, 2017 Raw materials inventory $620,000 $520,000 Work in process inventory 600,000 320,000 Finished goods inventory 380,000 300,000 During 2018, $900,000 of raw materials were purchased, direct labor costs amounted to $1,000,000, and manufacturing overhead incurred was $960,000. The total raw materials available for use during 2018 for Ace Company is Select one: A. $520,000 B. $1,420,000 C. $620,000. D. $800,000 a E. $1,520,000 0 F. None of the above. Ace Company's accounting records reflect the following inventories: Dec. 31. 2018 Dec. 31. 2017 Raw materials inventory $620,000 $520.000 Work in process inventory 600,000 320.000 Finished goods inventory 380,000 300,000 During 2018, $900,000 of raw materials were purchased, direct labor costs amounted to $1,000,000, and manufacturing overhead incurred was $960,000. Ace Company's total manufacturing costs incurred in 2018 amounted to Select one: O A. $2,620,000 B. $2,860,000 0 C. $2,680,000 0 D. $2,480,000 0 E. $2,760,000. O F. None of the above
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