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QUESTION 3 Benson Inc.'s accounting records reflect the following inventories: Dec 31, 2012 Dec 31, 2013 Raw materials inventory $ 80,000 $ 64,000 Work in
QUESTION 3 Benson Inc.'s accounting records reflect the following inventories: Dec 31, 2012 Dec 31, 2013 Raw materials inventory $ 80,000 $ 64,000 Work in process inventory 104,000 116.000 Finished goods inventory 100,000 92.000 During 2013, Benson purchased $1.160,000 of raw materials, incurred direct labor costs of $200,000, and incurred manufacturing overhead totaling $128.000 How much raw materials were used in production during 2013 for Benson
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