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Sheffield Manufacturing Inc.'s accounting records reflect the following inventories: Dec. 31, 2019Dec. 31, 2020 Raw materials inventory $100200$81000Work in process inventory 130800146000Finished goods inventory 125000114700
Sheffield Manufacturing Inc.'s accounting records reflect the following inventories:
Dec. 31, 2019Dec. 31, 2020Raw materials inventory
$100200$81000Work in process inventory
130800146000Finished goods inventory
125000114700
During 2020, Sheffield purchased $950200 of raw materials, incurred direct labour costs of $124600, and incurred manufacturing overhead totalling $160400. How much raw materials is transferred to production during 2020 for Sheffield Manufacturing?
$1241500
$969400
$950200
$931000
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