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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
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 $566,000 Beginning raw materials inventory $154,000 Raw materials available for use in production $ Ending raw materials inventory $192,000 Direct materials used in production Production Activity Direct labor used in production $384.000 Factory overhead used in production $784,000 Beginning work in process Inventory Total work in process Ending work in process inventory $93,000 $1 $ Finished goods manufactured $1,602,000 Sales Activity Beginning finished goods inventory Finished goods available for sale Ending finished goods inventory $ $1,744,500 $140,800 Finished goods sold $
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