Current Attempt in Progress Concord Inc.'s accounting records reflect the following inventories: Dec. 31, 2021 Dec. 31, 2022 Raw materials inventory $ 71000 $ 55000 Work in process inventory 95000 107000 Finished goods inventory 100000 92000 During 2022, Concord 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 Concord? O $1434000 $1450000 $1466000 $1395000