Materials Activity Raw materials purchases $554,000 Raw materials Inventory, beginning $151,000 Raw materials available for use in production $ Raw materials Inventory, ending $186,000 Production Activity Direct labor used in production $372,000 Work In process Inventory, beginning $90,000 Direct materials used in production Total work in process Factory overhead used in production $772,000 Work In process Inventory, ending Cost of goods manufactured $1,599,000 Sales Activity Finished goods Inventory, beginning Cost of goods available for sale $1,743,000 Finished goods Inventory, ending $140,500 Cost of goods sold