1. What was the cost of raw materials purchased during the year?

2. What was the direct-labor cost charged to production during the year?

3. What was the cost of goods manufactured during the year?

4. What was the cost of goods sold during the year?

Required Information [The following information applies to the questions displayed below.) Selected data concerning the past year's operations of the Ozarks Manufacturing Company are as follows: Raw material Work in process Finished goods Inventories Beginning Ending $61,000 $81,000 80,000 30,000 90,000 120,000 Other data: $334,000 Direct material used Total manufacturing costs charged to production during the year (includes direct material, direct labor, and manufacturing overhead applied at a rate of 60% of direct- labor cost) Cost of goods available for sale Selling and administrative expenses 686,000 826,000 30,500