The following chart shows how costs flow through a business as a product is manufacturcost amounts. Compute the cost amounts in the empty boxes.Materials ActivityRaw materialsInventory, beginning$148,000Production ActivityDirect labor usedin production$360,000Work In processInventory, beginning$87,000Sales ActivityAnished goodsInventory, beginning$Raw materials$542000Raw materials availablefor use in production$Direct materials usedin production$Total work InproboesCost of goodsmanufactured$1,596,000Cost of goodsavailable for sale$1,741,500spidRaw materialsInventory, ending$180,000Factory overheadused in production$760,000Work in processInventory, endingFinished goodsInventory, ending$140,200

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Answered: The following chart shows how costs…

The following chart shows how costs flow through a business as a product is manufactur cost amounts. Compute the cost amounts in the empty boxes.

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter26: Manufacturing Accounting: The Job Order Cost System

Section: Chapter Questions

Problem 2SEA: SCHEDULE OF COST OF GOODS MANUFACTURED The following information is supplied for Maupin...

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