Exercise 01-16 Cost flows in manufacturing LO C5 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 input boxes. Materials Activity Raw materials purchases $932.000 Beginning raw materials inventory $145,500 Raw materials available for use in production Ending raw materials inventory $175,000 Direct materials used in production Production Activity Direct laborused in production $350.000 Factory overhead used in production $750.000 Total work in Beginning work in process inventory Ending work in process inventory 584,500 Beginning raw materials inventory $145,500 Raw materials available for use in production Ending raw materials inventory $175,000 Direct materials used in production Production Activity Direct labor used in production $350,000 Factory overhead used in production $750,000 Boginning work in process inventory Total work in process Ending work in process Inventory nces $84.500 SI Finished goods manufactured $1,593,500 Sales Activity Boginning finished goods inventory Finished goods available for sale Ending finished goods inventory $1.740.250 $130.030 Finished goods sold $