Dolan Manufacturing Company\'s accounting records reflect the following inventor

Question

Dolan Manufacturing Company's accounting records reflect the following inventories:

During 2012, $800,000 of raw materials were purchased, direct labor costs amounted to $1,000,000, and manufacturing overhead incurred was $960,000.

Dolan Manufacturing Company's total manufacturing costs incurred in 2012 amounted to

$2,580,000.

$2,760,000.

$2,660,000.

$2,380,000

Dec. 31, 2012 Dec. 31, 2011 Raw materials inventory $620,000 $520,000 Work in process inventory 600,000 320,000 Finished goods inventory 380,000 300,000

Explanation / Answer

$2,580,000.

$2,580,000.

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