Analyzing Activity in Inventory Accounts Selected data concerning operations of Cascade Manufacturing Company for the past fiscal year follow:

Raw materials used	$ 400,000
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)	731,000
Cost of goods available for sale	876,000
Selling and general expenses	40,000

	Inventories
	Beginning	Ending
Raw materials	$ 70,000	$ 80,000
Work-in-process	85,000	30,000
Finished goods	90,000	110,000

Determine each of the following: (a) Cost of raw materials purchased $Answer

(b) Direct labor costs charged to production $Answer

(c) Cost of goods manufactured $Answer

(d) Cost of goods sold $Answer

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Marks for this submission: 6.25/12.50.