- /5 Question 7 of 50 View Policies Current Attempt in Progress Waterway Industries's accounting records reflect the following inventories Dec. 31. 2019 Dec 31, 2020 $ 90000 574000 Raw materials inventory Work in process inventory Finished goods inventory 114000 126000 100000 92000 During 2020. Waterway 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 Waterway? $1466000 $1376000 $1450000 $1434000