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Vaughn Manufacturing's accounting records reflect the following inventories: Dec. 31, 2017 Dec. 31, 2016 Raw materials inventory $350000 $290000 Work in process inventory 300000 160000
Vaughn Manufacturing's accounting records reflect the following inventories:
Dec. 31, 2017 | Dec. 31, 2016 | |
Raw materials inventory | $350000 | $290000 |
Work in process inventory | 300000 | 160000 |
Finished goods inventory | 190000 | 150000 |
During 2017, $840000 of raw materials were purchased, direct labor costs amounted to $670000, and manufacturing overhead incurred was $640000. Vaughn Manufacturing's total manufacturing costs incurred in 2017 amounted to
Question1 Vaughn Manufacturing's accounting records reflect the following inventories: Raw materials inventory Work in process inventory Finished goods inventory $350000 300000 190000 $290000 160000 150000 During 2017, $840000 of raw materials were purchased, direct labor costs amounted to $670000, and manufacturing overhead incurred was $640000 Vaughn Manufacturing's total manufacturing costs incurred in 2017 amounted to $2090000 O $2050000 $1950000. O $2150000 LINK TO TEXTStep by Step Solution
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