ACC 560 MART Extraordinary Success/acc560mart.com ACC 560 MART Extraordinary Success/acc560mart.com | Page 13

Dolan Company's accounting records reflect the following
inventories:
Dec. 31, 2017 Dec. 31, 2016
Raw materials inventory $310,000 $260,000
Work in process inventory 300,000 160,000
Finished goods inventory 190,000 150,000
During 2017, $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 2017 for Dolan
Company is
Question 3
Product costs are also called
Question 4
As current technology changes manufacturing processes, it is likely
that direct
Question 5
Sales commissions are classified as