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Waterway industries's accounting records reflect the following inventories: Dec 31, 2020 $280000 Dec 31, 2019 $230000 Raw materials inventory Work in process Inventory Finished goods

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Waterway industries's accounting records reflect the following inventories: Dec 31, 2020 $280000 Dec 31, 2019 $230000 Raw materials inventory Work in process Inventory Finished goods Inventory 300000 160000 190000 150000 During 2020. 9770000 of raw materials were purchased, direct labor costs amounted to $670000, and manufacturing overhead incurred was 5640000 The total raw materials available for use during 2020 for Waterway Industries is $1000000 $1050000 $720000 $630000

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