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Please answer all parts for positive feedback :) The following chart shows how costs flow through a business as a product is manufactured. All boxes
Please answer all parts for positive feedback :)
The following chart shows how costs flow through a business as a product is manufactured. All boxes in the chart show cost amounts. Compute the cost amounts in the empty boxes. Materials Activity Raw materials purchases $550,000 Raw materials Inventory, beginning $150,000 Raw materials available for use in production $ Raw materials Inventory, ending $184,000 Direct materials used in production Production Activity Direct labor used in production $368,000 Factory overhead used in production $768,000 Work in process Inventory, beginning $89,000 Total work in process Work in process Inventory, ending $ $ Cost of goods manufactured $1,598,000 Sales Activity Finished goods Inventory, beginning $ Cost of goods avallable for sale $1,742,500 Finished goods Inventory, ending $140,400 Cost of goods sold $Step by Step Solution
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