Question 24 Not yet answered Points out of 1.00 P Flag question Benson Inc.'s accounting records reflect the following inventories: Dec. 31, 2020 Dec. 31, 2021 $ 80,000 $ 64,000 Raw materials inventory Work in process inventory Finished goods inventory 104,000 116,000 100,000 92,000 During 2021, Benson purchased $1,450,000 of raw materials, incurred direct labor costs of $250,000, and incurred manufacturing overhead totaling $160,000. Assume Benson's cost of goods manufactured for 2021 amounted to $1,660,000. How much would it report as cost of goods sold for the year? O a $1,760,000 O b. $1,568,000 O c. $1,668,000 O d. $1,652,000