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Swifty Corporation's accounting records reflect the following inventories: Dec. 31. 2016 Dec. 31, 2017 Raw materials inventory $ 160000 $ 99000 Work in process inventory
Swifty Corporation's accounting records reflect the following inventories: Dec. 31. 2016 Dec. 31, 2017 Raw materials inventory $ 160000 $ 99000 Work in process inventory 186000 204000 Finished goods inventory 180000 168000 During 2017, Swifty purchased $ 1010000 of raw materials, incurred direct labor costs of $175000, and incurred manufacturing overhead totaling $ 224000. How much would Swifty Corporation report as cost of goods manufactured for 2017? O $ 1229000 $ 1464000 O $ 1458000 O $1452000
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