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The following chart shows how costs flow through a business as a product is manufactured. All boxes in the chart show cost amounts. Compute the

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The following chart shows how costs flow through a business as a product is manufactured. All boxes in the chart show cost amounts. Compute the cost amounts in the empty boxes. Materials Activity Raw materials purchases $568,000 Raw materials Inventory, beginning $154,500 Raw materials available for use in production $ Raw materials Inventory, ending $193,000 Direct materials used in production Production Activity Direct labor used in production $386,000 Factory overhead used in production $786,000 Work in process Inventory, ending $ Total work in proces Work in process Inventory, beginning $93,500 $ Cost of goods manufactured $1,602,500 Sales Activity Finished goods Inventory, beginning $ Cost of goods avaliable for sale $1,744,750 Finished goods Inventory, onding $140,850 Cost of goods sold

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