Reference no: EM132982812

Sunland Company's accounting records reflect the following inventories:

                                                 Dec. 31, 2022                Dec. 31, 2021

Raw materials inventory           $230000                        $180000

Work in process inventory          300000                             160000

Finished goods inventory             190000                            150000

Problem 1: During 2022, $720000 of raw materials were purchased, direct labor costs amounted to $670000, and manufacturing overhead incurred was $640000. (Assume that all raw materials used were direct materials.) Sunland Company's total manufacturing costs incurred in 2022 amounted to

Option 1: $2030000.

Option 2: $1940000.

Option 3: $1840000.

Option 4: $1980000.