Ogleby Inc's accounting records reflect the following inventories: Dec. 31. 2016 T Dec 31, 2017 Raw materials inventory $120,000 $96.000 Work in process inventory 156,000 174,000 Finished goods inventory 138.000 150,000During 2017, Ogleby purchased $890,000 of raw materials, incurred direct labor costs of $175,000, and incurred manufacturing overhead totaling $224,000. How much is total manufacturing costs incurred during 2017 for Ogleby?$1,403,000$1,313,000$1,385,000$1,379,000 Ogleby Inc.'s accounting records reflect the following inventories:Dec. 31, 2016Dec. 31, 2017Raw materials inventoryWork in process inventoryFinished goods inventory$120,000156,000150,0000000$ 96,000174,000138,000During 2017, Ogleby purchased $890,000 of raw materials, incurred direct labor costs of $175,000, and incurred manufacturing overhead totaling $224,000.How much is total manufacturing costs incurred during 2017 for Ogleby?$1,403,000$1,313,000$1,385,000$1,379,000

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Ogleby Inc's accounting records reflect the following inventories: Dec. 31. 2016 T Dec 31, 2017 Raw materials inventory $120,000 $96.000 Work in process inventory 156,000 174,000 Finished goods inventory 138.000 150,000

During 2017, Ogleby purchased $890,000 of raw materials, incurred direct labor costs of $175,000, and incurred manufacturing overhead totaling $224,000. How much is total manufacturing costs incurred during 2017 for Ogleby?

$1,403,000

$1,313,000

$1,385,000

$1,379,000

Ogleby Inc.'s accounting records reflect the following inventories:
Dec. 31, 2016
Dec. 31, 2017
Raw materials inventory
Work in process inventory
Finished goods inventory
$120,000
156,000
150,000
0000
$ 96,000
174,000
138,000
During 2017, Ogleby purchased $890,000 of raw materials, incurred direct labor costs of $175,000, and incurred manufacturing overhead totaling $224,000.
How much is total manufacturing costs incurred during 2017 for Ogleby?
$1,403,000
$1,313,000
$1,385,000
$1,379,000

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