Question 8 ABC Company had the following inventory balances for Year 2: Beginning Balance Ending Balance Raw Materials $310 $50 Work In Process $390 $300 Finished Goods $230 $940 . . During Year 2. ABC Company had the following transactions related to inventory: Purchased $310 of raw materials Incurred direct labor costs of $110 Allocated manufacturing overhead costs of $60 Sold inventory to customers for $590 that cost $120 to make What is ABC Company's Total Manufacturing Cost for Year 2? 3120 $830 $1.130 $740