Casual Shoe Company makes loafers. During the most recent year, Casual incurred total manufacturing costs of $21,000,000. Of this amount, $3,000,000 was direct materials used and $13,800,000 was direct labor. Beginning balances for the year were Raw Materials Inventory, $900,000, Work-in-Process Inventory, $1,400,000; and Finished Goods Inventory, $400,000. At the end of the year, balances were Raw Materials Inventory, $700,000; Work-in-Process Inventory, $1,600,000; and Finished Goods Inventory, $810,000. Requirements Analyze the inventory accounts to determine: 1. Cost of raw materials purchased during the year 2. Cost of goods manufactured for the year 3. ost of goods sold for the year Purchases 2,800,000 2. Cost of goods manufactured for the year. Work-in-Process Beginning Work 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 Cost of Goods Manufactured Enter any number in the edit fields, then click Check