Waterway Industries's accounting records reflect the following inventories: Raw materials inventory Work in process inventory Finished goods inventory Dec. 31. 2022 $310000 300000 190000 Dec. 31. 2021 $260000 160000 150000 During 2022, $1060000 of raw materials were purchased, direct labor costs amounted to $718100, and manufacturing overhead incurred was $592000 If Waterway Industries's cost of goods manufactured for 2022 amounted to $2180100, its cost of goods sold for the year is O $2140100 $2220100. O $2290100 $2040100