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

question 56

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 is total manufacturing costs incurred during 2022 for Benson?

• A)$1864000
• B)$1876000
• C)$1860000
• D)$1872000

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Definitions:

Presbyopia

A condition associated with aging where the eye exhibits a progressively diminished ability to focus on near objects.

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An innate mechanism within organisms that regulates biological rhythms and cycles, such as sleep-wake cycles.

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A feeling of physical or mental unease, such as slight pain or distress.

Inefficiency

The lack of ability to achieve the desired output with minimum input or to utilize resources in the best possible manner.