Happy Feet Shoe Company makes loafers. During the most recent year, Hapey Feet incurred total manufacturing costs of $16,700,000.06 this amcunt, $1,900.000 was drect matecials used and $10,600,000 was direct labor, Beginning balances lor the year wero Raw Matoriale inventory, $500,000, Work-fin-Procets inveritor, $1,500,000; and Finishod Goods inventory, $1,100, coo. At the end of the year, balances were Riw Materials inventory, $900,000; Work-in-Process inventory, $1,100,000, and Finished Goods inventory, 5330,000 , Requirements Analyze the inventory accounts to dotermine: 1. Cost of raw materials purchased during the yeac, 2. Cost of goods manufactured for the year. 3. Cost of goods sold for the year. 2. Cost of goods manufactured for the year