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

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. Assume Benson's cost of goods manufactured for 2022 amounted to $1660000.How much would it report as cost of goods sold for the year?

A) $1668000
B) $1568000
C) $1760000
D) $1652000