1. Frisco Company's accounting records reflect the following inventories: Dec 31, 2019 Dec. 31. 2018 Raw materials inventory $310,000 $260,000 Work in process inventory 300,000 160,000 Finished goods inventory 790,000 250,000 During 2019, S800,000 of raw materials were purchased, direct labor costs amounted to 5670,000, and manufacturing overhead incurred was S640,000, if Frisco's cost of goods manufactured for 2019 amounted to S1,890,000, its cost of goods sold for the year is 51.990.000 Oa. b. S790,000 S1,350,000 $2.290.000