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Concord Corporation's accounting records reflect the following inventories: Dec. 31, 2020 Dec. 31, 2019 Raw materials $380000 $330000 inventory Work in process inventory 300000 160000

Concord Corporation's accounting records reflect the following inventories: Dec. 31, 2020 Dec. 31, 2019 Raw materials $380000 $330000 inventory Work in process inventory 300000 160000 Finished goods inventory 190000 150000 During 2020, $880000 of raw materials were purchased, direct labor costs amounted to $670000, and manufacturing overhead incurred was $640000. Concord Corporation's total manufacturing costs incurred in 2020 amounted to $2100000. $2190000. $2000000. $2140000

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