Renka Shoe Company makes loafers. During the most recent year,

Renka Shoe Company makes loafers. During the most recent year, Renka incurred total manufacturing costs of $26,400,000. Of this amount, $2,100,000 was direct materials used and $19,800,000 was direct labor. Beginning balances for the year were Raw materials inventory, $600,000; Work in process inventory, $800,000; and Finished goods inventory, $700,000. At the end of the year, inventory accounts showed these amounts:,Raw Materials Inventory: $900,000,Work-in Process Inventory: $1,400,000,Finished Goods Inventory: $990,000,,Analyze the inventory accounts to determine:,1) cost of raw materials purchased during the year,2) cost of goods manufactured for the year,3) cost of good sold for the year