Exercise 14-16 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 material purchases 300 000 Beginning raw materials inventory $134.000 Raw materials available for we in production Ending raw materials inventory $102.000 Direct materials used in production Production Activity Direct laborused in production $384,000 Factory overhead used in production $784,000 Total work in Beginning work in process inventory Ending work in process inventory 301.000 Fished goods manufactured $1.602.000 Sales Activity Beginning finished goods inventory Fished goods available for sale Ending the goods inventory 1,744.500 $140,000 Finished goode sold