Davidson Manufacturing, Inc. has the following information available for the year 2022:
December 31 ( Beginning) January 1 ( Ending)
Direct materials $ 800,000 $900,000.
Inventory Work-in-process 1,000,000 1,330,000.
Inventory Finished goods inventory 300,000 350,000
Direct materials used during the year amount to $ 1,100,000 and the cost of goods sold for the year was $ 1,040,000 .
Find the following by completing a cost of goods sold statement .
a. Cost of direct materials purchased during the year.
b. Cost of goods manufactured during the year.
c. Total manufacturing costs incurred during the year
