Question 2 Vaughn Manufacturing's accounting records reflect the following inventories: Dec. 31, 2020 Dec. 31, 2019 Raw materials inventory $290000 in process inventory 30000 190000 $220000 160000 150000 Finished goods inventory During 2020, $760000 of raw materials were purchased, direct labor costs amounted to $670000, and manufacturing overhead incurred was $640000. The total raw materials available for use during 2020 for Vaughn Manufacturing is $620000 $1050000. $690000. $980000