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An examination of the accounting records of Lovato Arm Bar Manufacturing Co. showed the following information for 2019: Direct Materials Inventory Work-in-process inventory Finished goods inventory Ending Balance December Beginning Balance January 1 31 $962.000 $884,000 $1,345,000 $1,230,000 $312.000 $304,000 Direct materials used during the year amounted to $1,196,000 and Cost of Goods Sold for the year was $1,378,000. Costs of direct materials purchased during the year was $1.118,000 Cost of goods manufactured during the year was (Select) Total manufacturing costs incurred during the year were Select B.B. Direct model 962 U19 1.1960 884 962 +X-1,196=884 X-234= 884 +234 +234 118 W.IP E. G. 3121 1345 3.8 om DU MOH 1, 1961