Total raw materials used in production


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

Raw materials inventory(Dec. 31, 2008) $300,000, Raw materials inventory(Dec. 31,2007) $275,000

Work in process inventory(Dec. 31, 2008) $100,000 Work in process inventory(Dec. 31, 2007) $160,000

Finished goods inventory Dec. 31, 2008) $400,000 Finished goods inventory (Dec. 31, 2007) $230,000

During 2008, $650,000 of raw materials were purchased, direct labor costs amounted to $720,000, and manufacturing overhead incurred was $530,000. The total raw materials used in production during 2008 for Craft Manufacturing Company is:

A) $875,000.

B) $575,000.

C) $925,000.

D) $625,000.

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Accounting Basics: Total raw materials used in production
Reference No:- TGS075195

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