COST FLOWS IN MANUFACTURING BEST COMPANY The following data re from the Best Company for July production activities: -1 -31 Month: 15,000 FOH 100,000 Inventories: Direct materials Work in process Finished goods 12,000 20,000 16,000 38,000 CGMfd ? 45,000 DM purchases 80,000 30,000 DL 2 Use "T" accounts to show the flows of cost through the appropriate accounts for July 1. Cost of Direct Materials used during July 2. Cost of Goods Manufactured Cost of Goods Sold 3