Question: I need help with this general accounting question using the proper accounting approach. Drake Manufacturing Company's accounting records reflect the following inventories: Inventory Type Dec.

I need help with this general accounting question using the proper accounting approach.

Drake Manufacturing Company's accounting records reflect the following inventories: Inventory Type Dec. 31, 2023, Dee. 31, 2022 Raw materials |$300,000 | $260,000 Work in process | $350,000 $200,000 During 2023, $470,000 of raw materials were purchased, direct labor costs amounted to $550,000, and manufacturing overhead incurred was $520,000. Using this information, calculate Dalton Manufacturing Company's total cost of goods manufactured (COGM) fer 2023

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