Benson Inc.'s accounting records reflect the following inventories: Raw materials inventory Work in process inventory Finished goods inventory O $1668000 O $1652000 O $1760000 O $1568000 Dec. 31, 2021 $ 80000 104000 100000 Dec. 31, 2022 $64000 116000 92000 During 2022, Benson purchased $1450000 of raw materials, incurred direct labor costs of $250000, and incurred manufacturing overhead totaling $160000. (Assume that all raw materials used were direct materials.) Assume Benson's cost of goods manufactured for 2022 amounted to $1660000. How much would it report as cost of goods sold for the year?

Benson Inc's accounting records reflect the following inventories: During 2022, Benson purchased $1450000 of raw materials, incurred direct labor costs of $250000, and incurred manufacturing overhead totaling $160000. (Assume that all raw materials used were direct materials.) Assume Benson's cost of goods manufactured for 2022 amounted to $1660000. How much would it report as cost of goods sold for the year? $1668000 $1652000 $1760000 $1568000 Benson Inc's accounting records reflect the following inventories: During 2022, Benson purchased $1450000 of raw materials, incurred direct labor costs of $250000, and incurred manufacturing overhead totaling $160000. (Assume that all raw materials used were direct materials.) Assume Benson's cost of goods manufactured for 2022 amounted to $1660000. How much would it report as cost of goods sold for the year? $1668000 $1652000 $1760000 $1568000