Assume that a company provided the following T-account: Beg. Bal. Raw Materials 40,000 510,000 480,000 70,000 End. Bal. 3:13:24 Based on the transactions recorded in this account, which of the following must be true? rences Multiple Choice The raw materials used in production must equal $480,000 The raw materials used in production must equal $510,000. The direct materials used in production must equal $480,000. be