Renka Shoe Company makes loafers. During the most recent year, Renka incurred total manufacturing costs of $22,900,000. Of this amount, $2,800,000 was direct materials used and $15,800,000 was direct labor. Beginning balances for the year were Direct materials inventory, $900,000; Work in process inventory, $1,500,000; and Finished goods inventory, $900,000. At the end of the year, inventory accounts showed these amounts:

Requirements
1. Compute Renka Shoe Company€™s cost of goods manufactured for the year.
2. Compute Renka€™s cost of goods sold for the year.
3. Compute the cost of materials purchased during theyear.

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Manufacturing Ovcrhead Dirct Labor Materials Dircct materials inventory Work in process inventory Finished goods inventory $ 800,000 500,000 700,000 300,000 60,000 200,000 550,000