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2. Bramble Corp.'s accounting records reflect the following inventories: Dec. 31, 2019 Dec. 31, 2020 Raw materials inventory $ 85000 $ 68000 Work in process
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Bramble Corp.'s accounting records reflect the following inventories:
Dec. 31, 2019 | Dec. 31, 2020 | ||
Raw materials inventory | $ 85000 | $ 68000 | |
Work in process inventory | 103000 | 115000 | |
Finished goods inventory | 100000 | 92000 |
During 2020, Bramble purchased $1450000 of raw materials, incurred direct labor costs of $250000, and incurred manufacturing overhead totaling $160000. How much raw materials were transferred to production during 2020 for Bramble?
$1467000
$1433000
$1382000
$1450000
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