Question

During 2020, $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 2020 for Dolan Company is

Answer 1

Answer:

$1,060,000

Explanation:

The computation of the total raw material available for use is shown below:

= Beginning balance  of raw material inventory + purchase of raw material made

= $260,000 + $800,000

= $1,060,000

Basically, we added the beginning balance and the purchase of raw material so that the total raw material available for use could come

And, the other information that is given is not relevant. Hence, ignored it