olan Company\'s accounting records reflect the following inventories: Dec. 31, 2

Question

olan Company's accounting records reflect the following inventories: Dec. 31, 2017 Dec. 31, 2016 Raw materials inventory $310,000 $260,000 Work in process inventory 300,000 160,000 Finished goods inventory 190,000 150,000

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

$1,110,000.

$660,000.

$750,000.

$1,060,000.

$1,110,000.

$660,000.

$750,000.

$1,060,000.

Explanation / Answer

Answer is $ 1110,000 Explanation: The Total raw material available for use: Beginning Raw material inventory 310,000 Add: Purchases during the year 800,000 Total material available ffor use 1,110,000

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