Micker Boots produces cowboy boots, its Raw Materials account contains only direct materials. If the beginning balance in Raw Materials Inventory is $4200, the ending balance is $3200, and $70000 was purchased, what is the amount of materials transferred to Work in Process Inventory during the period? O $69000 O $70000 $77400 O $71000

Micker Boots produces cowboy boots, its Raw Materials account contains only direct materials. If the beginning balance in Raw Materials Inventory is $4200, the ending balance is $3200, and $70000 was purchased, what is the amount of materials transferred to Work in Process Inwentory during the period? $69000 $70000 $77400 $71000