Using the figures below, please show step-by-step instructions WITH explanation, if needed, on how to derive at figures for: Beginning finished goods inventory and Finished goods sold. ALSO, please show calculated steps WITH an explanation, if any, for LIFO or FIFO needing to be used. 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 Beginning raw material inventory $145,500 Raw materials available for use in production $677,500 Ending raw materials inventory $175,000 Direct materials used in production $502,500 Direct labor used in production $350,000 Factory overhead used in production $750,000 Beginning goods in process inventory $84,500 Total goods in process $1,687,000 Ending goods in process inventory $93,500 Finished goods manufactured $1,593,500 Beginning finished goods inventory $ ??? Finished goods available for sale $1,740,250 Ending finished goods inventory $139,950 Finished goods sold $ ???