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 2,000 Raw materials available Beginning raw matwegg8ntory Ending raw materials for use in production inventory $175,000 Direct matorials used in production Production Activity Direct labor used in production $350,000 Factory overhead used in production $750,000 Beginning work in process Inventory Total work in process Ending work in process inventory $84,500 Finished goods $1,593,500 Sales Activity Beginning finishod goods inventory Finished goods available for sale Ending finishod goods inventory " $1,740,250 $139,950 Finished goods sold