QUESTION 11 Craft Manufacturing Company's accounting records reflect the following inventories: Raw materials inventory (Dec. 31,2007) $275,000 Raw materials inventory (Dec. 31, 2008) $300,000 $100,000 Work in process inventory (Dec. 31, 2008) Work in process inventory (Dec. 31, 2007) $160,000 Finished goods inventory (Dec. 31, 2008) $400,000 Finished goods inventory (Dec. 31, 2007) $230,000 During 2008, $650,000 of raw materials were purchased, direct labor costs amounted to $720,000, and manufacturing overhead incurred was $530,000. The total raw materials used in production during 2008 for Craft Manufacturing Company is A. $875,000. O B. $575,000. OC. $925,000. OD. $625,000. Craft Manufacturing Company's accounting records reflect the following inventories: Raw materials inventory (Dec. 31,2007) $275,000 Raw materials inventory (Dec. 31, 2008) $300,000 Work in process inventory (Dec. 31, 2008) $100,000 $160,000 Work in process inventory Finished goods inventory (Dec. 31, 2007) (Dec. 31, 2008) $400,000 Finished goods inventory (Dec. 31, 2007) $230,000 During 2008, $650,000 of raw materials were purchased, direct labor costs amounted to $720,000, and manufacturing overhead incurred was $530,000. Craft Manufacturing Company's total manufacturing costs incurred in 2008 amounted to O A. $1,875,000. O B. $1,925,000. O C. $1,825,000. O D.$1,465,000. Craft Manufacturing Company's accounting records reflect the following inventories: Raw materials inventory (Dec. 31,2007) $275,000 Raw materials inventory $300,000 Work in process inventory Work in process inventory (Dec. 31, 2008) (Dec. 31, 2007) $100,000 $160,000 Finished goods inventory (Dec. 31, 2008) $400,000 Finished goods inventory (Dec. 31, 2007) $230,000 During 2008, $650,000 of raw materials were purchased, direct labor costs amounted to $720,000, and manufacturing overhead incurred was $530,000. Compute the cost of goods manufactured for 2008 for Craft Manufacturing Company. A. $1,875,000. B. $1,825,000. C. $1,935,000. O D. d. $1,775,000. Craft Manufacturing Company's accounting records reflect the following inventories: Raw materials inventory (Dec. 31,2007) $275,000 Raw materials inventory (Dec. 31, 2008) $300,000 Work in process inventory (Dec. 31, 2008) $100,000 Work in process inventory (Dec. 31, 2007) $160,000 Finished goods inventory (Dec. 31, 2008) $400,000 Finished goods inventory (Dec. 31, 2007) $230,000 During 2008, $650,000 of raw materials were purchased, direct labor costs amounted to $720,000, and manufacturing overhead incurred was $530,000. Compute the cost of goods sold for 2008 for Craft Manufacturing Company. O A. $2,165,000. B. $1,765,000. C. $1,625,000. O D.2,225,000