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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
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?
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