During 2010 500000 of raw materials were purchased direct, Ask an Expert

Accounting

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

Dec. 31, 2010 Dec. 31, 2009
Raw materials inventory $310,000 $260,000
Work in process inventory 300,000 160,000
Finished goods inventory 190,000 150,000

During 2010, $500,000 of raw materials were purchased, direct labor costs amounted to $600,000, and manufacturing overhead incurred was $480,000. The total raw materials available for use during 2010 for Carly Manufacturing Company is

A) $810,000.

B) $260,000.

C) $450,000.

D) $760,000.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M990375

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