Comly Foot Shoe Company makes loafers. During the most recent year, Comfy Foot incurred total manufacturing costs of $23,300,000. Or this amount, $2,600,000 was direct materials used and S15,800,000 was direct labor. Beginning balances for the year were Direct Materials, $700.000 Work-in-Process Inventory $1,200,000; and Finished Goods Inventory, $900,000. At the end of the year, balances were Direct Materials, $900,000; Work-in-Process Inventory, $1,300,000; and Finished Goods Inventory, $810,000. Read the requirements Requirement 1. Analyze the inventory accounts to determine the cost of direct materials purchased during the year. 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 Tatal Manufacturing Costs incurred during the Year Tatal Manufacturing Costs to Account For Ending Work-in-Process Inventory Cost of Goods Manufactured Requirement 3. Analyze the inventary accounts to determine the cost of goods sold for the year. Finished Goods Beginning Finished Goods Inventory Cost of Goods Manufactured Cost of Goods Available for Sale Ending Finished Goods Inventory Cast of Goods Sold