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benson inc.'s accounting records reflect the following inventories: Benson Inc's accounting records reflect the following inventories: Raw materials inventory Work in process inventory Finished goods
benson inc.'s accounting records reflect the following inventories:
Benson Inc's accounting records reflect the following inventories: Raw materials inventory Work in process inventory Finished goods inventory Dec. 31. 2012 Dec. 31. 2020 $ 100,000 $ 80,000 130,000 145.000 125.000 115,000 During 2020, Benson purchased $1,812,500 of raw materials, incurred direct labor costs of $312,500, and incurred manufacturing overhead totaling $200,000. How much raw materials were transferred to production during 2020 for Benson? $ 1,792,500 $ 1.732.500 O $ 1,812,500 $ 1.832.500Step by Step Solution
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