The following chart shows how costs flow through a business as a product is manufactured. Some boxes
Question:
The following chart shows how costs flow through a business as a product is manufactured. Some boxes in the flowchart show cost amounts. Compute the cost amounts for the boxes that contain question marks.
Transcribed Image Text:
Materials Activity Raw materials purchases $532,000 Beginning raw Raw materials available Ending raw materials inventory $175,000 materials inventoryfor use in production $145,500 Direct materials used in production Production Activitv Direct labor used in production S350,000 Factory overhead used in production $750,000 Beginning work in Total work in process Ending work in process inventory process inventory $84,500 Finished goods manufactured $1,593,500 Sales Activity Beginning finished Finished goods Ending finished goods inventoryavailable for sale goods inventory $1,740,250 $139,950 Finished goods sold
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Materials Activity Beginning raw materials inventory 145500 Pro...View the full answer
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