Question
Benson Inc.'s accounting records reflect the following inventories: Dec. 31, 2016 Dec. 31, 2017 Raw materials inventory $ 80,000 $ 64,000 Work in process inventory
Benson Inc.'s accounting records reflect the following inventories:
Dec. 31, 2016 Dec. 31, 2017
Raw materials inventory $ 80,000 $ 64,000
Work in process inventory 104,000 116,000
Finished goods inventory 100,000 92,000
During 2017, Benson purchased $1,450,000 of raw materials, incurred direct labor costs of $250,000, and incurred manufacturing overhead totaling $160,000.
How much is total manufacturing costs incurred during 2017 for Benson?
| A. | $1,864,000 | |
| B. | $1,876,000 | |
| C. | $1,860,000 | |
| D. | $1,872,000 |
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Managerial Accounting A Focus On Ethical Decision Making
Authors: Jackson
5th Edition
B00651UGQG
