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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
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 for the boxes that contain question marks. Materials Activity Raw materials purchases $536,000 Raw materials Inventory, beginning $146,500 Raw materials avallable for use in production $ Raw materials Inventory, ending $177,000 Direct materials used in production Production Activity Direct labor used in production $354,000 Factory overhead used in production $754,000 Work in process Inventory, beginning $85,500 Total work in process $ Work in process Inventory, ending $ Cost of goods manufactured $1,594,500 Sales Activity Finished goods Inventory, beginning $ Cost of goods avallable for sale $1,740,750 Finished goods Inventory, ending $140,050 Cost of goods sold $
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