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The following information applies to the questions displayed below Selected data concerning the past year's operations of the Ozarks Manufacturing Company are as follows: Inventories Raw material Work In process Finished goods $51000 $81,000 80,000 30,000 90,000 100,000 Other data: $318,000 Direct material used Total manufacturing costs charged to production during the year (Includes direct material, direct labor and manufacturing overhead applied at a rate of 60% of direct- abor cost Cost of goods available for sale Selling and administrative expenses 686,000 826,000 31,000 References Section Break Exercise 3-32 Basic Manufacturing Cost Flows (LO 2, 6) value: 0.62 points Exercise 3-32 Part 1 Required 1. What was the cost of raw materials purchased during the year? (Omit the "$" sign in your response.) Cost of raw materials purchased