Perfect Fit Shoe Company makes loafers. Du ng the most recent year, e e Fit ncurred total manufactu ng costs $27 0 0 Of s amount $2.600,000 was direct mate als used and Sia. was direct or Beginning balances for the year were Direct Materials, $700,000: Work-in-Process Inventory. 5800,000; and Finished Goods Inventory. $1,200,000. At the end of the year, balances were Direct Materials, $500,000 Work-in-Process nventory $1,700,000; and Finished Goods Inventory, $1,490,000 Read the requirements Requirement 2. Analyze the inventory accounts to determine the cost of goods manufactured for the year Work in-Process Beginning Work-in-Process Inventory 800000 Direct Materials Used 2600000 19800000 Manufacturing Ow Total Manufacturing Costs Incurred during the Year Total Manufacturing Costs to Account For Ending Work-in-Process Inventory Cost of Goods Manufactured