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Concord Manufacturing Inc.'s accounting records reflect the following inventories: Dec. 31, 2019 Dec. 31, 2020 Raw materials inventory $100800 $81000 Work in process inventory 130600
Concord Manufacturing Inc.'s accounting records reflect the following inventories:
Dec. 31, 2019 | Dec. 31, 2020 | ||
Raw materials inventory | $100800 | $81000 | |
Work in process inventory | 130600 | 144500 | |
Finished goods inventory | 125400 | 114900 |
During 2020, Concord purchased $950900 of raw materials, incurred direct labour costs of $125200, and incurred manufacturing overhead totalling $159500. How much is total manufacturing costs incurred during 2020 for Concord?
$1240200
$1255400
$1235600
$1249500
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