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Benson Inc. ' s accounting records reflect the following inventories: table [ [ , , Dec. 3 1 , ? ( ) Benson Inc.'s
Benson Inc.s accounting records reflect the following inventories:
table Dec.
Benson Inc.'s accounting records reflect the following inventories: Dec. 31, 2019 Raw materials $ 80,000 inventory Work in process 104,000 inventory Finished goods 100,000 inventory Dec. 31, 2020 $ 64,000 116,000 92,000 During 2020, Benson purchased $1,450,000 of raw materials, incurred direct labor costs of $250,000, and incurred manufacturing overhead totaling $160,000. How much raw materials were transferred to production during 2020 for Benson (direct materials used)? C) $1,386,000 (D $1,434,000
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