3. Smith Manufacturing Company reported the following year-end information: Beginning work in process inventory Beginning raw materials inventory Ending work in process inventory Ending raw materials inventory Raw materials purchased Direct labor Manufacturing overhead $1,420,000 400,000 1,200,000 640,000 1,250,000 1,300,000 960,000 Smith Manufacturing Company's cost of goods manufactured for the year is: Answer: $3,490,000)