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 materials $532,000 Raw materials available Beginning raw matvasgg8ntory + for use in production- mate asentory for use in production Erdingrentoraterials $175,000 Direct matorials used in production Production Activity Direct labor used in production $350,000 Factory overhead used in production $750,000 1- Boginning work in process inventory Total work In process Ending work in process inventory $84,500 Finished goods manufactured $1,593,500 Sales Activity Beginning finished Finished goods available for sale $1,740,250 Ending finished goods inventory $139,950 goods inventory-* Finished goods sold