Waterway Industries reported the following year-end information: Beginning work in process inventory Beginning raw materials inventory Ending work in process inventory Ending raw materials inventory Raw materials purchased Direct labor Manufacturing overhead $1080000 300000 900000 480000 1200000 1060000 780000 Waterway Industries's cost of goods manufactured for the year is O $2680000. O $3040000. O $2860000 O $3220000