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 Beginning raw materials inventory Raw materials available for use in production Ending raw materials inventory $145,500 $175,000 Direct materials used in production Production Activity Direct labor used in production Factory overhead used in production $350,000 Beginning work in process inventory Total work in process $750,000 Ending work in process inventory $84,500 Finished goods manufactured Sales Activity $1,593,500 Beginning finished goods inventory Finished goods available for sale $1,740,250 Ending finished goods inventory $139,950 Finished goods, sold