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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 cost amounts for the input boxes Materials Activity

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 $532,000 Raw materials available Beginning raw Ending raw materials for use in production mate ntory inventory $175,000 Direct materials used in production Production Activity Direct labor used Factory overhead in production used in production $350,000 $750,000 Total work in Beginning work in Ending work in process inventor mmm process inventory $84,500 Finished goods manufactured $1,593,500 Sales Activity Beginning finished Finished goods Ending finished goods inventory available for sale goods inventory $1,740,250 $139,950 Finished goods sold

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.
 

Apr 06 2020 View more View Less

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