Sheridan Company's accounting records reflect the following inventories: Dec 31, 2020 Dec 31, 2019 $310000 $260000 Raw materials inventory Work in process inventory Finished goods inventory 300000 160000 190000 150000 During 2020, $1080000 of raw materials were purchased, direct labor costs amounted to $684700, and manufacturing overhead incurred was $848000. If Sheridan Company's cost of goods manufactured for 2020 amounted to $2422700, its cost of goods sold for the year is O $2532700. O $2462700 $2382700. O $2282700