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At the end of February, afer the second month of operations of Able Bakar Chartie Company Charles shows you the data he's collected, but he

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At the end of February, afer the second month of operations of Able Bakar Chartie Company Charles shows you the data he's collected, but he was unable to figure out some of the amounts Review the following dam and it in the missing amounts on the chart for Able Baker Charlie Company Note: It may be helpful to use Taccounts o map the flow of the amounts through the manufacturing account and solve for the missing dollar values. It may also be helpful to review the steps for determining the cost of materials used to manufacturing cost incurred, and cost of goods manufactured Data for February Decrease in materials inventory $3,600 Materials inventory on Feb 28 50% of materials inventory on Jan 21 Direct materials purchased $11,700 Direct materials used 3 times the direct labor incurred Total manutacturing costs incurred in period 527,300 Total manufacturing costs incurred in period 70% of Cost of Goods Manufactured Total manufacturing costs incurred in period $10,000 less than Cost of Goods Sold Account Balances Jan. 31 Feb. 28 Account Materials inventory Work in processer Finished Goods inventory 27,000 Costs incurred Direct Materials Used Direct Labor incurred Factory Overhead incurred Cost of Goods Sold 15,500

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