Question 3 5 pts May Company accounting records reflect the following inventories: Dec. 31. 2020 Dec 31, 2012 Raw materials inventory $310,000 $260,000 Work in process inventory 300,000 160,000 Finished goods inventory 190.000 150.000 During 2020, $800,000 of raw materials were purchased, direct tabor costs amounted to $670.000, and manufacturing overhead incurred was 5640,000 May Company's total manufacturing costs incurred in 2020 amounted to $2.000.000 $2.020,000 $1,920.000 52.110.000