West Shoeompany miaN Matile son0 000: Work-in Pre r red tola 000 and Finichod Coode loontoy $700 000 At he irot Materials $500 000- Work-in-Proceee ing Inventory, year, balances wen Inventory, $1,100,000; and Finished Goods Inventory, $600,000. Read the reguirements Requirement 1. Analyze the inventory accounts to determine the cost of direct materials purchased during the year. Direct Materials Direct Materials Used Beginning Direct Materials Ending Direct Materials Purchases Requirement 2. Analyze the inventory accounts to determine the cost of goods manufactured for the year. Work-in-Process X Requirements Beginning Work-in-Process Inventory Direct Materials Used Direct Labor Analyze the inventory accounts to determine Manufacturing Overhead the year 2, Cost of goods manufactured for the vear. 3. Cost of goods sold for the year. Total Manufacturing Costs Incurred during the Year Total Manufacturing Costs to Account For Ending Work-in-Process Inventory Print Done Cost of Goods Manufactured Requirement 3. Analyze the inventory accounts to determine the cost of goods sold for the year. Finished Goods Beginning Finished Goods Inventory Goods Manufactured Cost Cost of Goods Available for Sale Ending Finished Goods Inventory Cost Goods Sold