Costs and Balances At the end of February, after the second month of operations of Able Baker Charlie Company, Chanies shows you the deta he's cotected, 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 Neter 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 Materiais inventory on Feb. 25 Direct materials purchased Direct materials used Total manufacturing costs incurred in period Total manufacturing costs incurred in period Total manufacturing costs incurred in period $3,300 50% of materials inventory on Jan. 31 $11,700 3 times the direct labor incurred $28,700 70% of Cost of Goods Manufactured $7,000 less than Cost of Goods Sold Account Materials Inventory Work in Process Inventory Finished Goods Inventory Account Balances Jan. 31 Feb. 28 1,650 27,000 Check My Work more Check My Work uses remaining Costs Incurred 3,300 Direct Materials Used Direct Labor Incurred 16,500 Factory Overhead Incurred Cost of Goods Sold