Assume Muir Company's accounting records reflect the following amounts: Dec...

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Accounting

Assume Muir Company's accounting records reflect the following amounts:

Dec 31, 2021 Dec 31, 2020

Raw materials inventory

$430,000 $400,000
Work in Process $1,000 $3,000
Finished goods $420,000 $510,000

During 2021, $500,000 of raw materials were purchased, direct labor incurred was $200,000, and overhead applied was $240,000. Assume all raw materials used were direct materials.

How much was added to the work in process account during 2021?

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