Exercise 18-16 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 purchases $560,000 Beginning raw materials inventory $152,500 Raw materials available for use in production $ Ending raw materials inventory $189,000 Direct materials used in production $ Production Activity Direct labor usod in production $378,000 Factory overhead used in production $778,000 Beginning work in process inventory Total work in process Ending work in process inventory $ $91,500 $ Finished goods manufactured $1,600,500 Sales Activity Beginning finished goods inventory Finished goods available for sale Ending finished goods inventory $ 143250 $1,743,750 $140,650 Finished goods sold $ 160310