n West Shoo makes loafers. During the most recent year, West incurred total manufacturing costs of $24.200,000. Of this amount, $1,800,000 was direct k-in-Process Inventory, $900,000, and Finished balances for the year were Direct Materials,$700,000, Wor Goods Inventory, $1,100,000 At the end of the year, balances were Direct Materials, $900,000, Work-in-Process Inventory, $1,700,000, and Finished Goods Inventory $480,000 est Shoe Company makes loafers. During the most recent year, West incurred total manufacturing costs of $24.200,000. Of this amount, $1,800,000 was direct aterials used and $17 800,000 was direct labor. Beginning balances for the year were Direct Materials, $700,000, Work in-Process Inventory, $900,000, and Finished oou Inventory, $1,100,000. At the end of the year, balances were Direct Materials, $900,000: Work-in-Process Inventory, $1,700,000, and Finished Goods Inventory 480,000 Requirement 1. Analyze the inventory accounts to determine the cost of direct materials purchased during the year. Direct Materials Beginning Direct Materials Ending Direct Materials Requirement 2. Analyze the inventory accounts to determine the cost of goods manufactured for the year. 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 Enter any number in the edit fields and then continue to the next