Exercise 3-26 (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 $7,800 Direct Direct Factory materials labor overhead $53,000 $15,000 $18,000 Total costs in process in Punching department Ending work in process $9,000 Costs transferred to Bending Bending Beginning work Direct Direct in process materials labor Factory overhead $9,500 $31,500 $38,400