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36) Wilson Inc.'s accounting records reflect the following inventories: Dec. 31, 2020 $164,000 116,000 92,000...

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Accounting

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36) Wilson Inc.'s accounting records reflect the following inventories: Dec. 31, 2020 $164,000 116,000 92,000 Dec. 31, 2019 $180,000 104,000 100,000 Raw materials inventory Work in process inventory Finished goods inventory During 2020, Wilson purchased $2,050,000 of raw materials, incurred direct labor costs of $250,000, and incurred manufacturing overhead totaling $160,000. How much raw materials were transferred to production during 2020 for Wilson? a. $2,066,000 b. $2,466,000 c. $2,450,000 d. $2,434,000

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