Bereson Ircccounting records reflect the following inventorien Dec 31, 2021 Dec 31, 2022 Riw materials inventory $ 30,00

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Bereson Ircccounting Records Reflect The Following Inventorien Dec 31 2021 Dec 31 2022 Riw Materials Inventory 30 00 1 (12.85 KiB) Viewed 54 times

Bereson Ircccounting records reflect the following inventorien Dec 31, 2021 Dec 31, 2022 Riw materials inventory $ 30,000 $ 64,000 Work in process intory 104,000 116.000 Fished goods wetery 100,000 12,000 During 2022, Benson purchased $1,450,000 of raw materials, incurred direct labor costs of $250,000, and incurred manufacturing overhead totaling $160,000 (Assume that all raw materials used were direct materials ) Assume Benson's cost of goods manufactured for 2022 amounted to $1,660,000. What amount would the company report as cost of goods sold for the year?