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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 $362,000 Beginning raw materials inventory $153,000 Raw materials available for use production $ Ending raw materials inventory $190,000 Direct materials used in production $ Production Activity Direct labor used in production $380,000 Factory overhead used in production $780,000 Beginning work in process inventory Total work in process Ending work in process inventory $ $92,000 Finished goods manufactured $1,601,000 Sales Activity Beginning finished goods inventory Finished goods available for sale Ending finished goods inventory $1,744,000 $140,700 Finished goods sold $
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