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DolanManufacturing Company's accounting records reflect the following inventories: Dec. 31, 2011Dec. 31, 2010 Raw materials inventory$310,000$260,000 Work in process inventory300,000160,000 During 2011, $400,000 of raw
DolanManufacturing Company's accounting records reflect the following inventories:
Dec. 31, 2011Dec. 31, 2010
Raw materials inventory$310,000$260,000
Work in process inventory300,000160,000
During 2011, $400,000 of raw materials were purchased, direct labor costs amounted to $500,000, and manufacturing overhead incurred was $480,000.
DolanManufacturing Company'stotal cost of goods manufacturedin 2011 amounted to
How do calculate total cost of goods manufactured?
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