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Hopkins Manufacturing Inc's accounting records reflect the following amounts. Raw Materials Inventory, Jan 1, 2008 - $80,000 Raw Materials Inventory, Dec 31, 2008 - $64,000
Hopkins Manufacturing Inc's accounting records reflect the following amounts. Raw Materials Inventory, Jan 1, 2008 - $80,000 Raw Materials Inventory, Dec 31, 2008 - $64,000 Work in Process Inventory, Jan 1. 2008 - $104,000 Work in Process Inventory, Dec 31, 2008 - $116,000 Finished Goods Inventory, Jan 1, 2008 - $100,000 Finished Goods Inventory, Dec 31, 2008 - $92,000 Raw materials purchased during 2008 - $760,000 Direct labor costs during 2008 - $100,000 Manufacturing overhead incurred during 2008 - $128,000 How much is raw materials used during 2008 for Hopkins Manufacturing? $992,000 $776.000 $760,000 $744.000
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