Exercise 14-16 (Algo) Cost flows in manufacturing- visualization LO C3 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 $570,000 Raw materials Inventory, beginning $155,000 Raw materials available for use in production $ Raw materials Inventory, ending $194,000 Direct materials used in production $ Production Activity Direct labor used in production $388,000 Factory overhead used in production $788,000 Work in process Inventory, beginning Total work in process Work in process Inventory, ending $94,000 Cost of goods manufactured $1,603,000 Sales Activity Finished goods Inventory, beginning Cost of goods available for sale $1,745,000 Finished goods Inventory, ending $140,900 Cost of goods sold $