During 2017, $840000 of raw materials were purchased, direct labor costs amounte

Question

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

Dec. 31, 2017 Dec. 31, 2016 Raw materials inventory $350000 $290000 Work in process inventory 300000 160000 Finished goods inventory 190000 150000 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 TEXT

Explanation / Answer

Calculate total manufacturing cost :

so answer is a) $2090000

Beginning raw material 290000 Raw material purchase 840000 Less: Ending raw material (350000) Raw material consumed 780000 Direct labour 670000 Manufacturing overhead 640000 Total manufacturing cost 2090000

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