Best Shoe Company makes loafers. During the most recent year, Best incurred total manufacturing costs of $20,000,000. Of this amount, $2,800,000 was direct materials used and $12,800,000 was direct labor. Beginning balances for the year were Direct Materials, $500,000: Work-in-Process Inventory, $900,000; and Finished Goods Inventory, $600,000. At the end of the year, balances were Direct Materials, $600,000; Work-in-Process Inventory $1,100,000; and Finished Goods Inventory, $990,000. Read the requirements Direct Materials Direct Materials Used Beginning Direct Materials Ending Direct Materials Purchases Requirement 2. Analyze the inventory accounts to determine the cost of goods manufactured for the year. Work-in-Process Beginning Work-in-Process Inventory Direct Materials Used Direct Labor Manufacturing Overhead Total Manufacturing Costs Incurred during the Year Total Manufacturing Costs to Account For Ending Work-in-Process Inventory Enter any number in the edit fields and then continue to the next