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ANG Company's accounting records reflect the following inventories: Dec. 31, 2020 Dec. 31, 2020 Raw materials inventory $208,000 $320,000 Work in process inventory 195,000 212,000
ANG Company's accounting records reflect the following inventories: Dec. 31, 2020 Dec. 31, 2020 Raw materials inventory $208,000 $320,000 Work in process inventory 195,000 212,000 Finished goods inventory 225,000 150,000 During 2017, $700,000 of raw materials were purchased, direct labor costs amounted to $550,000, and manufacturing overhead incurred was $490,000. The total raw materials used during 2020 for ANG Company is Select one: a. $700,000. b. $908,000. c. $212,000. d. $588,000
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