View Policies Current Attempt in Progress Concord Corporation'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, 920000 of raw materials were purchased, direct labor costs amounted to $684700, and manufacturing overhead incurred was $736000 I Concord Corporation's cost of goods manufactured for 2020 amounted to $2150700, its cost of goods sold for the year is $2010700 $2260700 $2190700 $2110700