Goods Inventory, $$600,000.$

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

Total Manufacturing Costs Incurred during the Year

Total Manufacturing Costs to Account For

Ending Work$-$in$-$Process Inventory

Cost of Goods Manufactured

Requirement $3.$ Analyze the inventory 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

Cost of Goods Sold

Requirements

Analyze the inventory accounts to determine:

Cost of direct materials purchased during the year.

Cost of goods manufactured for the year.

Cost of goods sold for the year.

$1$