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View Policies Current Attempt in Progress Oriole Company's accounting records reflect the following inventories: Dec...

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Accounting

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View Policies Current Attempt in Progress Oriole Company's accounting records reflect the following inventories: Dec 31, 2019 Dec 31, 2020 Raw materials $ 78000 $ 61000 Inventory Work in process 106000 118000 inventory Finished goods 100000 92000 inventory During 2020, Oriole 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 2020 for Oriole? $1450000 51433000 $1467000 51389000

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