Howard Company's accounting records reflect the following inventories: 12/31/2021 12/31/2020 $310,000 $260,000 Raw materials inventory Work in process inventory Finished goods inventory 300,000 160,000 190,000 150,000 During 2021, $881,723 of raw materials were purchased, direct labor costs amounted to $670,000, and manufacturing overhead incurred was $640,000. . The total raw materials available for use during 2021 for Howard Company is