Solved: During 2011 the company purchased 150000 of raw materials, Accounting Basics

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During 2011 the company purchased 150000 of raw materials

Question - A Texas-based company had raw materials inventory of $122,000 as of December 31, 2010 and $102,000 as of December 31, 2011. During 2011 the company purchased $150,000 of raw materials, incurred direct labor costs of $215,000, and incurred manufacturing overhead totaling $325,000. How much is total manufacturing costs incurred by the company?

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Accounting Basics: During 2011 the company purchased 150000 of raw materials

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