Benson Inc During 2013, Benson Purchased $1,160,000 of Raw Materials, Incurred Direct

question 47

Multiple Choice

Benson Inc.'s accounting records reflect the following inventories: $$\begin{array} { l c c } & \text { Dec. 31,2012 } & \text { Dec. 31,2013 } \\\text { Raw materials inventory } & \$ 80,000 & \$ 64,000 \\\text { Work in process inventory } & 104,000 & 116,000 \\\text { Finished goods inventory } & 100,000 & 92,000\end{array}$$ 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 transferred to production during 2013 for Benson?

• A)$1,392,000
• B)$1,176,000
• C)$1,160,000
• D)$1,144,000

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Definitions:

Safety Precautions

Measures taken to reduce the risk of accidents or injuries in various environments or activities.

Safety Cage

A structural framework designed to protect occupants by maintaining space in the passenger compartment during a crash.

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The specific order in which bolts or nuts should be tightened or loosened, typically used to ensure even clamping force across a component.