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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 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 Beginning raw materials inventory $155,500 Raw materials purchases $572,000 Raw materials available for use in production Ending raw materials Inventory Production Activity Direct labor used in production $390,000 Direct materials unod in production Beginning work in process inventory $94,500 $195,000 Total work in process Factory overhead used in production $790,000 Ending work in process Inventory Sales Activity Beginning finished goods inventory Finished goods manufactured $1,003,500 Finished goods available for sale $1,745.250 Finished goods sold Ending finished goods Inventory $140,950
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