Question 40 of 50 -/5 E View Policies Current Attempt in Progress Sheridan Company's accounting records reflect the following inventories: Dec 31, 2019 Dec. 31, 2020 Raw materials $83000 $ 66000 inventory Work in process 105000 117000 Inventory Finished goods 100000 92000 inventory During 2020, Sheridan purchased $1450000 of raw materials, incurred direct labor costs of $250000, and incurred Manufacturing overhead totaling $160000. How much raw materials were transferred to production during 2020 for Sheridan? O $1467000 O $1433000 O $1450000 O $1384000