10) AL Ogleby Inc.'s accounting records reflect the following inventories Dec. 31. 2019 Dec. 31. 2020 Raw materials inventory $120,000 $ 96,000 Work in process inventory 156,000 174,000 Finished goods inventory 150,000 138,000 During 2020, Ogleby purchased $980,000 of raw materials. incurred direct labor costs of $175,000, and incurred manufacturing overhead totaling $224,000. How much would Ogleby Manufacturing report as cost of goods manufactured for 2020? a. $1,229,000 b. $1,397,000 c. $1,391,000 ar 36 Voinovni 325000 how d. $1,385,00000se 1379 000