Concord Corporation's accounting records reflect the following inventories: Dec. 31, 2019 Dec 31, 2020 Raw materials inventory $71000 $ 55000 Work in process inventory 95000 107000 Finished goods inventory 100000 92000 During 2020, Concord purchased $1250000 of raw materials, incurred direct labor costs of $250000, and incurred manufacturing overhead totaling $160000. How much is total manufacturing costs incurred during 2020 for Concord? O $1664000 O $1672000 $1676000 O $1660000 Save for Later Attempts: 0 of 1 used Submit