Question 24 (2 points) A company's accounting records reflect the following inventories: Dec. 31.2017 Dec. 31.2016 Raw materials inventory Work in process inventory Finished goods inventory $310,000 300,000 190,000 $260,000 160,000 150,000 During 2017, $800,000 of raw materials were purchased, direct labor costs were $670,000, and manufacturing overhead incurred was $640,000. What are the total raw materials available for use during 2017 for the company? $660,000 $750,000 $1,060,000 $1,110,000