Costs and Balances At the end of February, after the second month of operations of Able Baker Charlie Company, Charles shows you the data 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 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 $3.000 Materials inventory on Feb. 28 50% of materials inventory on Jan. 31 Direct materials purchased $12,600 Direct materials used 3 times the direct labor incurred Total manufacturing costs incurred in period Total manufacturing costs incurred in period 70% of Cost of Goods Manufactured Total manufacturing costs incurred in period $9,000 less than Cost of Goods Sold $28.700 Account Balances Account Jan. 31 Feb. 28 Costs incurred Materials Inventory Direct Materials Used Worken Bonventory 27,000 Direct Labor Incurred Finished Goods Inventory 16,000 Factory Overhead Incurred Cost of Goods Sold 111.310 Cost Flow Relationships The following information is available for the first month of operations of Bahadir Company, a manufacturer of mechanical pencils: Sales $512,960 Gross profit 299,060 Cost of goods manufactured 256,480 Indirect labor Factory depreciation 16,930 Materials purchased 157.990 Total manufacturing costs for the period 294,950 Materials inventory, ending 21,030 Using the above information, determine the following missing amounts: a. Cost of goods sold 5 213,900 b. Finished goods inventory at the end of the month $ 42.580 c. Direct materials cost $ 136,960