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The following chart shows how costs flow through a business as a product is manu Compute the cost amounts in the empty boxes. Materials Activity
The following chart shows how costs flow through a business as a product is manu Compute the cost amounts in the empty boxes. Materials Activity Raw materials Inventory, beginning $154,000 Production Activity Direct labor used in production $384,000 Work In process Inventory, beginning Raw materials purchases $566,000 Raw materials available for use in production $720000 Direct materials used In production 528000 Total work in process - Raw materials Inventory, ending $192,000 Factory overhead used in production $784,000 Work In process Inventory, ending $93,000 Sales Activity Finished goods Inventory, beginning Cost of goods manufactured $1,602,000 Cost of goods available for sale $1,744,500 Cost of goods sold Finished goods Inventory, ending $140,800
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