Benson incs accounting records reflect the following, Ask an Expert

Accounting

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

Dec.31, 2012 Dec.31, 2013

Raw materials inventory $ 80,000 $ 64,000

Work in process inventory 104,000 116,000

Finished goods inventory 100,000 92,000

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?

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91527747

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