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Bonita Industries's accounting records reflect the following inventories: Dec. 31, 2019 Dec. 31, 2020 Raw materials inventory $ 77000 $ 61000 Work in process inventory
Bonita Industries's accounting records reflect the following inventories:
Dec. 31, 2019 | Dec. 31, 2020 | ||
Raw materials inventory | $ 77000 | $ 61000 | |
Work in process inventory | 101000 | 113000 | |
Finished goods inventory | 100000 | 92000 |
During 2020, Bonita purchased $1550000 of raw materials, incurred direct labor costs of $250000, and incurred manufacturing overhead totaling $160000. How much is total manufacturing costs incurred during 2020 for Bonita?
$1964000
$1972000
$1976000
$1960000
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