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Waterway Inc.'s accounting records reflect the following inventories: Raw materials inventory Work in process inventory...

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Accounting

Waterway Inc.'s accounting records reflect the following inventories: Raw materials inventory Work in process inventory Finished goods inventory O $1434000 $1466000 $1392000 $1450000 Dec. 31, 2021 $ 74000 Save for Later 98000 100000 Dec. 31, 2022 $ 58000 110000 During 2022, Waterway purchased $1450000 of raw materials, incurred direct labor costs of $250000, and incurred manufacturing overhead totaling $160000. (Assume that all raw materials used were direct materials.) What was the cost of raw materials transferred to production during 2022 for Waterway? 92000 Attempts: 0 of 1 used Submit Answer
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Waterway Inc's accounting records reflect the following inventories: During 2022. Waterway purchased $1450000 of raw materials, incurred direct labor costs of $250000, and incurred manufacturing overhead totaling $160000. (Assume that all raw materials used were direct materials) What was the cost of raw materials transferred to production during 2022 for Waterway? $1434000 $1466000 $1392000 $1450000

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