Options for the dropdown

The following inventory information is available for Ricci Manufacturing Corporation for the year ended December 31, 2019: Beginning Ending Inventories: Raw materials Work in process Finished goods Total W $17,000 9,000 11,000 $37,000 $19,000 14,000 8,000 $41,000 1. 2. In addition, the following transactions occurred in 2019: Raw materials purchased on account, $75,000. Incurred factory labor. $80,000, all is direct labor. (Credit Factory Wages Payable). Incurred the following overhead costs during the year: Utilities $6,800, Depreciation on manufacturing machinery $8.000, Manufacturing machinery repairs $9.200, Factory insurance $9,000 (Credit Accounts Payable and Accumulated Depreciation). 4. Assigned $80,000 of factory labor to jobs. Applied $36,000 of overhead to jobs. 3. 5. Raw Materials Inventory >