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Crane Manufacturing Inc.'s accounting records reflect the following inventories: Dec. 31, 2019 Dec. 31, 2020 Raw materials inventory $100700 $79400 Work in process inventory 130000
Crane Manufacturing Inc.'s accounting records reflect the following inventories:
Dec. 31, 2019 | Dec. 31, 2020 | ||
Raw materials inventory | $100700 | $79400 | |
Work in process inventory | 130000 | 144000 | |
Finished goods inventory | 124000 | 115700 |
During 2020, Crane purchased $950300 of raw materials, incurred direct labour costs of $124900, and incurred manufacturing overhead totalling $160200. How much is total manufacturing costs incurred during 2020 for Crane?
$1236400
$1256700
$1235400
$1249400
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