Analyzing Activity in Inventory Accounts Selected data concerning operations of Cascade Manufacturing Company for the past fiscal year follow: Raw materials used $300,000 Total manufacturing costs charged to production during the year (includes raw materials, direct labor, and manufacturing overhead applied at a rate of 60 percent of direct labor costs) 681,000 Cost of goods available for sale 826,000 Selling and general expenses 30,000 Inventories Beginning Ending $70,000 $80,000 Work-in-process 85,000 30,000 Finished goods 90,000 110,000 Raw materials