Selected data concerning the past year's operations of the Ozarks Manufacturing Company are as follows: Inventories Beginning Ending Raw material $61,000 $ 81,000 Work in process 80,000 30,000 Finished goods 90,000 120,000 Other data: $334,000 Direct material used Total manufacturing costs charged to production during the year (includes direct material, direct labor, and manufacturing overhead applied at a rate of 60% of direct-labor cost) Cost of goods available for sale Selling and administrative expenses 686,000 826,000 30,500 Required: 1. What was the cost of raw materials purchased during the year? Cost of raw materials purchased 2. What was the direct-labor cost charged to production during the year? Direct-labor cost 3. What was the cost of goods manufactured during the year? Cost of goods manufactured 4. What was the cost of goods sold during the year? Cost of goods sold