Question 10 ABC Company had the following inventory balances for Year 2: Beginning Balance Ending Balance Raw Materials $250 $90 Work In Process $490 $290 Finished Goods $480 $920 During Year 2. ABC Company had the following transactions related to inventory: Purchased $390 of raw materials Incurred direct labor costs of $140 Allocated manufacturing overhead costs of $50 Sold inventory to customers for $710 that cost $500 to make What was the value of raw materials moved into production during Year 2? . $300 $640 $550 $390