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Caltreck Manufacturing Inc.'s accounting records reflect the following inventories for December 31, 2019 and December 31, 2020 respectively: Raw materials inventory $100,000 $ 80,000 Work
Caltreck Manufacturing Inc.'s accounting records reflect the following inventories for December 31, 2019 and December 31, 2020 respectively:
Raw materials inventory $100,000 $ 80,000
Work in process inventory 130,000 145,000
Finished goods inventory 125,000 115,000
During 2020, Caltreck purchased $950,000 of raw materials, incurred direct labour costs of $125,000, and incurred manufacturing overhead totalling $160,000.
How much is total manufacturing costs incurred during 2020 for Caltreck?
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