Perfect Fit Shoe Company makes loafers During the most recent year. Perfect Fit incurred total manufacturing costs of 27,700,000 of this amount 53.100.000 was direct materials used and 519.000.000 was direct labor Beginning balances for the year wer Direct Materials, 5700,000Work in Process Inventory 5900.000 and Finished Goods Inventory, 51200.000At the end of the year, balances were Direct Materials, 5500.000 Work in Process Inventory, 51.600,000, and finished Goods Inventory $1.290,000 Read the requirements Work in Process Beginning Work in Process Inventory 900000 Direct Materials Used 3100000 Direct Labor 19800000 Manufacturing Overhead Total Manufacturing Costs incurred during the Year Total Manufacturing Costs to Account For Ending Works Process Inventory 160.000 Cost of Goods Manufactured Requirement 3. Analyze the inventory accounts to determine the cost of goods sold for the year Requirement 3. Analyze the inventory accounts to determine the cost of goods sold for the year Finished Goods Beginning Finished Goods Inventory 1200000 Cost of Goods Manufactured Cost of Goods Available for Sale Ending Finished Goods Inventory 1290000 Cost of Goods Sold Enter any number in the edit fields and then continue to the next