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Accounting

Problem:

Sandor Manufacturing Inc.'s accounting records reflect the following inventories:

Dec. 31, 2013 Dec. 31, 2014

Raw materials inventory $110,000 $ 90,000
Work in process inventory 156,000 174,000
Finished goods inventory 138,000 150,000

During 2014, Sandor purchased $1,440,000 of raw materials, incurred direct labor costs of $300,000, and incurred manufacturing overhead totaling $184,000.

How much is total manufacturing costs incurred during 2014 for Sandor?

a. $1,936,000

b. $1,944,000

c. $1,904,000

d. $1,924,000

Note: Please provide through step by step calculations.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91165733

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