ework 1 - Cost Concepts i 2 Materials Activity Raw materials purchases $534,000 pped Raw materials Inventory, beginning $146,000 Raw materials available for use in production - $ Direct materials used in production Raw materials Inventory, ending $176,000 Book int rences Production Activity Direct labor used in production $352,000 Work in process Inventory, beginning $85,000 Total work in process $ Factory overhead used in production $752,000 Work In process Inventory, ending $ Cost of goods manufactured $1,594,000 Sales Activity Finished goods Inventory, beginning $ Cost of goods available for sale $1,740,500 Cost of goods sold Finished goods Inventory, ending $140,000 Saved