Question 2 Partially correct Mark 2.50 out of 10.00 P Flag question Analyzing Activity in Inventory Accounts Selected data concerning operations of Cascade Manufacturing Company for the past fiscal year follow: Raw materials used Total manufacturing costs charged to production during the year(includes raw materials, direct labor, and manufacturing overheadapplied at a rate of 60 percent of direct labor costs) Cost of goods available for sale Selling and general expenses $300,000 700,000 772,500 30,000 Raw materials Work-in-process Finished goods Inventories Beginning Ending $35,000 $40,000 42,500 15.000 45,000 55,000 Determine each of the following: (a) Cost of raw materials purchased $ 305,000 (b) Direct labor costs charged to production $ 0 X (c) Cost of goods manufactured $ 0 x (d) Cost of goods sold $ 0 x