At the end of February, after the second month of operations of Able Baker Charlie Company, Charles shows you the data hes collected, but he was unable to figure out some of the amounts. Review the following data and fill in the missing amounts on the chart for Able Baker Charlie Company. Note: It may be helpful to use T accounts to map the flow of the amounts through the manufacturing accounts and solve for the missing dollar values. It may also be helpful to review the steps for determining the cost of materials used, total manufacturing cost incurred, and cost of goods manufactured.

Data for February

Decrease in materials inventory	2700
materials inventory on feb 28	50% of materials inventory on jan 31
direct materials purchaced	12000
direct materials used	3 tiems the direct labor incurred
TMC incurred in period	28000
TMC incurred in period	70% of Cost of Goods Manufactured
TMC inccurred in period	8000 less than Cost of goods sold

Account	Jan 31	Feb 28
Materials Inventory	_________	____________
Work in process inventory	27,000	__________
Finshed goods Inventory	_________	16,000

Cost Incurred

Direct Materials Used	________________
Direct Labor Incurred	_________
Factory Overhead Incurred	__________
Factory Overhead Incrred	__________
Cots of goods Sold	_________