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Sheridan Company's accounting records reflect the following inventories: Dec. 31, 2019Dec. 31, 2020 Raw materials inventory$83000$66000Work in process inventory105000117000Finished goods inventory10000092000 During 2020,Sheridanpurchased $1550000of raw
Sheridan Company's accounting records reflect the following inventories:
Dec. 31, 2019Dec. 31, 2020Raw materials inventory$83000$66000Work in process inventory105000117000Finished goods inventory10000092000
During 2020,Sheridanpurchased $1550000of raw materials, incurred direct labor costs of $250000, and incurred manufacturing overhead totaling $160000.
How much is total manufacturing costs incurred during 2020 forSheridan?
Would it be possible to have work shown on how to get the answer?
Thank you
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