QUESTION 22 4 points Save Answer 21. Use the following information for questions 21 and 22: Bono Manufacturings accounting records reflect the following inventories: Dec. 31, 2018 Dec. 31, 2019 Raw materials inventory $100,000 $120,000 Work in process inventory 130,000 145,000 Finished goods inventory 125,000 115,000 During 2019, Bono Manufacturing purchased $950,000 of raw materials, incurred direct labor costs of $125,000, and incurred manufacturing overhead totally $160,000. How much is the cost of raw materials used in production during 2019 for Bono Manufacturing? a. $1,240,000 b. $970,000 C. $950,000 d. $930,000 QUESTION 23 4 points Save Answer 22. Use the following information for questions 21 and 22: Bono Manufacturings accounting records reflect the following inventories: Dec. 31, 2018 Dec. 31, 2019 Raw materials inventory $100,000 $120,000 Work in process inventory 130,000 145,000 Finished goods inventory 125,000 115,000 During 2019, Bono Manufacturing purchased $950,000 of raw materials, incurred direct labor costs of $125,000, and incurred manufacturing overhead totally $160,000. Assume Bono Manufacturings raw material used in production amounted to $985,000. How much would it report as cost of goods manufactured in 2019? a. $1,240,000 b. $1,255,000 C. $1,235,000 od. $1,250,000