Question 4 of 50 -/3 View Policies Current Attempt in Progress Crane Company's accounting records reflect the following inventories: Dec. 31, 2020 Dec 31, 2019 $210000 $160000 Raw materials inventory Work in process inventory Finished goods inventory 300000 160000 190000 150000 During 2020, $700000 of raw materials were purchased, direct labor costs amounted to $670000, and manufacturing overhead incurred was $640000. The total raw materials available for use during 2020 for Crane Company is O $560000. $910000. O $860000 O $650000. Save for Later Last saved 4 days ago Attempts: 0 of 1 used Submit Answer Saved work will be auto-submitted on the due date. JOCHOPIS 14, 15, 16 Fall 2020 Question 26 of 50 -13 View Policies Current Attempt in Progress Bonita Industries had the following information at December 31: $120000 Finished goods inventory, January 1 Finished goods inventory, December 31 226000 If the cost of goods manufactured during the year amounted to $1895000 and annual sales were $2994000, how much is the amount of gross profit for the year? O $979000 O $1205000 O $1099000 $1789000 Save for Later Last saved 4 days ago Attempts: 0 of 1 used Submit Answer Saved work will be auto-submitted on the due date