Benson Inc During 2022 Benson Purchased $1450000 of Raw Materials Incurred Direct

question 5

Multiple Choice

Benson Inc.'s accounting records reflect the following inventories: $\begin{array}{lcc} & \text { Dec. 31,2021 } & \text { Dec. 31,2022 } \\\hline \text { Raw materials inventory } & \$ 80,000 & \$ 64,000 \\\text { Work in process inventory } & 104,000 & 116,000 \\\text { Finished qoods inventory } & 100,000 & 92,000\end{array}$ During 2022 Benson 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 2022 for Benson?

• A)$1386000
• B)$1466000
• C)$1450000
• D)$1434000

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