Homework answers / question archive / Coronado Industries's accounting records reflect the following inventories:                                             Dec

Coronado Industries's accounting records reflect the following inventories:                                             Dec

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Coronado Industries's accounting records reflect the following inventories:

                                            Dec. 31, 2019            Dec. 31, 2020 

Raw materials inventory            $80000                   $ 100000   

Work in process inventory           106000                     124000   

Finished goods inventory             100000                      88000   

During 2020, Coronado purchased $930000 of raw materials, incurred direct labor costs of $175000, and incurred manufacturing overhead totaling $224000.

How much is total manufacturing costs incurred during 2020 for Coronado?

1) $1329000

2) $1321000

3) $1335000

4) $1309000