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How much raw materials were transferred to production

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Reference no: EM132658445

Benson Inc.'s accounting records reflect the following inventories:

                                                 Dec. 31, 2016                   Dec. 31, 2017

Raw materials inventory         $ 80,000                        $ 64,000

Work in process inventory       104,000                           116,000

Finished goods inventory         100,000                            92,000

During 2017, Benson purchased $1,450,000 of raw materials, incurred direct labor costs of $250,000, and incurred manufacturing overhead totaling $160,000.

Problem 1: How much raw materials were transferred to production during 2017 for Benson?

Reference no: EM132658445

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