Dolan Company's Accounting Records Reflect the Following Inventories During 2017, $800,000 of Raw Materials Were Purchased, Direct Labor

question 36

Multiple Choice

Dolan Company's accounting records reflect the following inventories: $$\begin{array} { l c c } & \text { Dec. 31, 2017 } & \text { Dec. 31, 2016 } \\\text { Raw materials inventory } & \$ 310,000 & \$ 260,000 \\\text { Work in process inventory } & 300,000 & 160,000 \\\text { Finished goods inventory } & 190,000 & 150,000\end{array}$$ During 2017, $800,000 of raw materials were purchased, direct labor costs amounted to $670,000, and manufacturing overhead incurred was $640,000. Dolan Company's total manufacturing costs incurred in 2017 amounted to

• A)$2,060,000.
• B)$2,020,000.
• C)$1,920,000.
• D)$2,110,000.

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Definitions:

Kinesthesis

The ability to perceive the position, movement, and force of muscles, tendons, and joints in the body.

Day-to-Day Activities

Routine actions or tasks that individuals perform on a regular basis, typically related to personal care or everyday chores.

Perceptual Constancies

The cognitive capacity to perceive objects as having constant shape, size, and color despite changes in perspective, distance, or lighting.

Visual Illusion

A misperception of a real external stimulus, where the way we perceive something visually does not match its physical reality.