Costs and Balances At the end of February, after the second month of operations of Able Baker Charlie Company, Charles shows you the deta he's 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 mop 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 S3.300 Materials inventary on Feb 28 50% of material inventory on Jan. 31 Direct materials purchased $12.800 Direct materials used 3 times the direct labox incurred Total manufacturing costs incurred in period $29,400 Total manufa during costs incurred in period 70% of Cost of Goods Manufactured Total manufacturing costs incurred in period $7,000 less than Cost of Goods Sold Account Balances Account Jan. 31 Feb. 29 Costs Incurred Materials Inventory Work in Process Inventory 27,000 Direct Materials Used Direct Labor incurred Factory Overhead Incurred Cost of Goods Sold Finished Goods Inventory 16,000