Exercise 16-26 (Algo) Production cost flows LO P3, P4 The flowchart below shows the August production activity of the punching and bending departments of Wire Box Company. Use the amounts shown on the flowchart to compute the missing numbers identified by blank input boxes. Punching Beginning work in process $7,600 Direct Direct Factory materials labor overhead $61,000 $13,000 $16,000 Total costs in process in Punching department Ending work in process $7,000 Costs transferred to Bending Bending Beginning work Direct Direct in process $9,000 materials labor Factory overhead $31,000 $37,400 Warehouse Beginning finished goods $19,000 Total costs in process in Bending department $249,900 Costs transferred to finished goods Ending work in process $14,000 Ending finished goods Cost of goods available for sale $ Cost of goods sold $233,400