Hopkins Manufacturing Inc.'s accounting records reflect the following inventories:
Dec. 31, 2009 Dec. 31, 2010
Raw materials inventory $ 80,000 $ 64,000
Work in process inventory 104,000 116,000
Finished goods inventory 100,000 92,000
During 2010, Hopkins purchased $760,000 of raw materials, incurred direct labor costs of $100,000, and incurred manufacturing overhead totaling $128,000. How much is raw materials transferred to production during 2010 for Hopkins Manufacturing?
A) $992,000
B) $776,000
C) $760,000
D) $744,000