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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 matorials purchases $550,000 Raw materials available Boginning raw materials inventory Ending raw matorials for use in production $ invontory $150,000 $184,000 Diroct materials used in production Production Activity Diroct labor used Factory overhead in production usod in production $368,000 $768,000 Baginning work in procoss inventory Total work in Ending work in process Inventory procoss $89,000 Finished goods manufactured $1598,000 Sales Activity Finished goods Beginning finished goods inventory Ending finished available for sale goods inventory $1,742500 $140,400 Finished goods sold $
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