Best Shoe Company makes loafers. During the most recent year,Best incurred total manufacturing costs of $25,200,000. Of this amount,$2,300,000 was direct materials used and $18,800,000 was direct labor. Beginning balances for the year were Direct Materials, $600,000; Work-in-Process Inventory, $900,000;and Finished GoodsInventory, $1,000,000. At the end of the year, balances were Direct Materials, $900,000;Work-in-Process Inventory, $1,800,000; and Finished Goods Inventory, $600,000.

Analyze the inventory accounts to determine:

1. Cost of direct materials purchased during the year.

2. Cost of goods manufactured for the year.

3. Cost of goods sold for the year.