Use the following for the next three questions, Benson Inc.'s accounting records reflect the following inventories: Jan. 1,20x5 Dec. 31, 20x5 Raw materials inventory $80,000 $64,000 Work in process inventory 104,000 116,000 Finished goods inventory 100,000 92,000 During 20X5, Benson purchased $1,160,000 of raw materials, incurred direct labor costs of $100,000, and incurred manufacturing overhead totaling $128,000. How much raw materials were transferred to production during 20X5.for Benson? 1) $1,176,000 2) $1,144,000 3) $1,392,000 4) $1,160,000 Benson Inc.'s accounting records reflect the following inventories: Jan. 1. 20x5 Dec. 31, 20X5 Raw materials inventory $80,000 $64,000 Work in process inventory 104,000 116,000 Finished goods inventory 100,000 92,000 During 20X5, Benson purchased $1,160,000 of raw materials, incurred direct labor costs of $100,000, and incurred manufacturing overhead totaling $128,000. How much is total manufacturing costs incurred during 20x5 for Benson? 1) $1,392,000 O2) $1,400,000 3) $1,388,000 4) $1,404,000 Benson Inc.'s accounting records reflect the following inventories: Jan 1, 20x5 Dec. 31, 20X5 Raw materials inventory $80,000 $64,000 Work in process inventory 104,000 116,000 Finished goods inventory 100,000 92,000 During 20X5, Benson purchased $1,160,000 of raw materials, incurred direct labor costs of $100,000, and incurred manufacturing overhead totaling $128,000. Assume Benson's cost of goods manufactured for 20X5 amounted to $1,360,000. How much would it report as cost of goods sold for the year? 1) $1,400,000 2) $1,460,000 3) $1,352,000 4) $1,368,000