Analying Activity in Inventory Accounts.Select data concerning operations of Cascade Manufacturing Company for the past fiscal year follow: Raw materials used $300,000Total manufacturing costs charged to production during the year (includes raw materials, direct labor, and manufacturing overhead applied at a rate of 60 percent of direct labor costs) 681,000Cost of goods available for sale 826,000Selling and general expenses 30,000 Inventories beginning EndingRaw materials $70,000 $80,000Work-in-process 85,000 30,000Finished goods 90,000 110,000 Required Determined each of the following:a. Cost of raw materials purchasedb. Direct labor costs charged to productionc. Cost of goods manufacturedd. Cost of good sold
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