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Crane Company's accounting records reflect the following inventories: Dec. 31, 2020 Dec. 31, 2019 Raw materials $210000 $160000 inventory Work in process inventory 300000
Crane Company's accounting records reflect the following inventories: Dec. 31, 2020 Dec. 31, 2019 Raw materials $210000 $160000 inventory Work in process inventory 300000 160000 Finished goods inventory 190000 150000 During 2020, $700000 of raw materials were purchased, direct labor costs amounted to $670000, and manufacturing overhead incurred was $640000. The total raw materials available for use during 2020 for Crane Company is $560000. $650000. $910000. $860000.
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