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Waterway Industries's accounting records reflect the following inventories: Dec 31, 2019 Dec. 31, 2020 Pun materials inventory $220000 $ 106000 o in process inventory 256000
Waterway Industries's accounting records reflect the following inventories: Dec 31, 2019 Dec. 31, 2020 Pun materials inventory $220000 $ 106000 o in process inventory 256000 274000 nished goods inventory 250000 238000 During 2020, Waterway purchased $1080000 of raw materials, incurred direct labor costs of $175000, and incurred manufacturing overhead totaling $224000. How much would Waterway Industries report as cost of goods manufactured for 20207 $1587000 51581000 $1575000 51229000
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