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Sheffield Corp.'s accounting records reflect the following inventories: Dec. 31, 2019 Dec. 31, 2020 Raw materials inventory $ 81000 $ 64000 Work in process inventory
Sheffield Corp.'s accounting records reflect the following inventories:
Dec. 31, 2019 | Dec. 31, 2020 | ||
Raw materials inventory | $ 81000 | $ 64000 | |
Work in process inventory | 103000 | 115000 | |
Finished goods inventory | 0 | 92000 |
During 2020, Sheffield 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 Sheffield?
A. $1467000
B. $1386000
C. $1433000
D. $1450000
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