CALCULAT Multiple Choice Question 104 Vaughn Manufacturing's accounting records refut the following inventories: Dec 31, 2017 Dec 31, 2016 Raw materials inventory $310000 $260000 Work in process inventory 300000 160000 Finished goods inventory 190000 150000 During 2017, $620000 of raw materials were purchased, direct labor costs amounted to $534400, and manufacturing overhead incurred was $592000. If Vaughn Manufacturing's cost of goods manufactured for 2017 amounted to $1556400, its cost of goods sold for the year is $1416400 $1516400 $1596400 $1666400 Click if you would like to Show Work for this question: Open Show Work Question Attempts: 0 of 1 used