Coronado Industries's accounting records reflect the following inventories: Dec. 31, 2019 Dec 31, 2020 Raw materials inventory $ 72000 $ 56000 Work in process inventory 96000 108000 nished goods inventory 100000 92000 During 2020, Coronado purchased $1450000 of raw materials, incurred direct labor costs of $250000, and incurred manufacturing overhead totaling $160000 How much raw materials were transferred to production during 2020 for Coronado $1466000 $1450000 $1434000 51394000