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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Definitions:

Therapeutic Cloning

A biomedical technique involving the creation of a clone to produce stem cells identical to the donor's for the purpose of treating diseases or damaged tissues.

Non-Therapeutic Cloning

Cloning conducted for purposes other than health treatment, often related to research or the production of genetically identical organisms.

Genetic Component

The portion of an individual's phenotype that is determined by genes, highlighting the role of heredity in various aspects of life and health.

Stem Cells

Cells without specific functions that can continuously replicate to produce more cells of the same variety, and from which various other cell types can emerge through the process of differentiation.