Exer 32 Selected data concerning the past year's operations of the Ozarks Manufacturing Company are as follows: Flows (LO 3-2,3-6) Inventories Ending Beginning $71,000 80,000 90,000 81,000 30,000 10,000 Raw material rri , . Work in process Finished goods Other data: $326,000 Direct material used... Total manufacturing costs charged to production during the year (includes direct material, direct labor, and manufacturing overhead applied at a rate of 60% of direct-labor cost) Cost of goods available for sll. Selling and administrative expenses 686,000 826,000 31,500 Required: What was the cost of raw materials purchased during the year? 2. W hat was the direct-labor cost charged to production during the year? at was the cost of goods manufactured during the year? What was the cost of goods sold during the year? CMAadapted)