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