Question
Pat Yo Llama, (PYL) a llama petting zoo, makes bite-sized llama food pellets to sell to unsuspecting visitors. PYLs accounting records reflect the following inventories:
Pat Yo Llama, (PYL) a llama petting zoo, makes bite-sized llama food pellets to sell to unsuspecting visitors. PYLs accounting records reflect the following inventories:
Jan 1, 2018 Dec. 31, 2018
Raw materials inventory $100,000 $ 80,000
Work in process inventory 130,000 145,000
Finished goods inventory 125,000 115,000
During 2018, PYL purchased $950,000 of raw materials, incurred direct labor costs of $125,000, and incurred manufacturing overhead totalling $160,000. How much are total manufacturing costs incurred curing 2018 for PYL?
Group of answer choices
$1,240,000
$1,255,000
$1,235,000
$1,250,000
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