Current Attempt in Progress Bonita Industries's accounting records reflect the following inventories: Dec 31, 2020 Dec 31, 2019 $310000 $260000 Raw materials inventory Work in process inventory Finished goods inventory 300000 160000 190000 150000 During 2020, $1060000 of raw materials were purchased, direct labor costs amounted to $668000, and manufacturing overhead incurred was $768000 If Bonita Industries's cost of goods manufactured for 2020 amounted to $2306000, its cost of goods sold for the year is $2266000 $2346000 $2416000 $2166000