9 Benson Inc.'s accounting records reflect the following inventories: Raw materials inventory Work in process inventory E Dec. 31, 2020 Dec. 31, 2021 $80,000 $ 64,000 104,000 100,000 116,000 92,000 10 Points. Finished goods inventory During 2021, Benson purchased $1,450,000 of raw materials, incurred direct labor costs of $250,000, and incurred manufacturing overhead totaling $160,000. Assume Benson's cost of goods manufactured for 2021 amounted to $1,660,000. How much would it report as cost of goods sold for the year? (A) $1,568,000 $1,668,000 $1,652,000 $1,760,000