Question 8 of 16 View Policies Current Attempt in Progress Waterway Manufacturing Inc's accounting records reflect the following inventories: Dec. 31. Dec. 31. 2019 2020 Raw materials inventory $99200 $80500 Work in process inventory 130300 144800 Finished goods inventory 125300 116000 -/1 1 During 2020, Waterway purchased $949800 of raw materials, incurred direct labour costs of $125400, and incurred manufacturing overhead totalling $159000. Waterway Manufacturing's cost of goods manufactured for 2020 amounted to $1238400. How much would it report as cost of goods sold for the year? $1247700 $1286000 $1363800 $1229100 Save for Later Attempts: 0 of 1 used Submit Answer TIME