Materials Activity Raw materlals purchases $552,000 Raw materlals Raw materials $150,500 Inventory, ending $185,000 Production Activity $517,500 Direct labor used in production $370,000 Factory overhead used in production $770,000 Sales Activity Cost of goods manufactured $1,598,500 Finished goods Cost of goods Clnished goods Inventory, beginning a allable for sale Inventory, ending $1,742,750$140,450 Cost of goods sold