Dolan Company's accounting records reflect the following inventories: $$\begin{array} { l c c }
& \text { Dec. 31, 2017 } & \text { Dec. 31, 2016 } \
\text { Raw materials inventory } & \$ 310,000 & \$ 260,000 \
\text { Work in process inventory } & 300,000 & 160,000 \
\text { Finished goods inventory } & 190,000 & 150,000
\end{array}$$ During 2017, $800,000 of raw materials were purchased, direct labor costs amounted to $670,000, and manufacturing overhead incurred was $640,000. The total raw materials available for use during 2017 for Dolan Company is
A)$1,110,000.
B)$660,000.
C)$750,000.
D)$1,060,000.

Question

Dolan Company's accounting records reflect the following inventories: $$\begin{array} { l c c } 
& \text { Dec. 31, 2017 } & \text { Dec. 31, 2016 } \
\text { Raw materials inventory } & \$ 310,000 & \$ 260,000 \
\text { Work in process inventory } & 300,000 & 160,000 \
\text { Finished goods inventory } & 190,000 & 150,000
\end{array}$$ During 2017, $800,000 of raw materials were purchased, direct labor costs amounted to $670,000, and manufacturing overhead incurred was $640,000. The total raw materials available for use during 2017 for Dolan Company is
A)$1,110,000.
B)$660,000.
C)$750,000.
D)$1,060,000.

Quizplus · Accepted Answer

The Answer of Dolan Company's accounting records reflect the following inventories: $$\begin{array} { l c c } 
& \text { Dec. 31, 2017 } & \text { Dec. 31, 2016 } \
\text { Raw materials inventory } & \$ 310,000 & \$ 260,000 \
\text { Work in process inventory } & 300,000 & 160,000 \
\text { Finished goods inventory } & 190,000 & 150,000
\end{array}$$ During 2017, $800,000 of raw materials were purchased, direct labor costs amounted to $670,000, and manufacturing overhead incurred was $640,000. The total raw materials available for use during 2017 for Dolan Company is
A)$1,110,000.
B)$660,000.
C)$750,000.
D)$1,060,000.

Dolan Company's Accounting Records Reflect the Following Inventories During 2017, $800,000 of Raw Materials Were Purchased, Direct Labor