Costs and Balances At the end of February, atter the second month of operations of Able Baker Charlie Company amounts. Review the following data andfillilth missing amounts on the chart for Able Baker Charie Company, Note:Il may be helpful to use T accounts to map Charles shows yo the data he's collected, but he was unable to figure out some of the Shaded cells have feedbe through the manufacturing accounts and solve for the incurred, and cost of goods manufactured missing dollar values. It may also be helpful to review the steps for detormining the cost of materia's used, total manufacturing cos for detormining the Data for February Decrease in materials inventory Materials inventory on Feb. 28 Direct materials purchased Direct materials used Total manufacturing costs incurred in period $29,400 Total manufacturing costs incurred in period 70% of Cost of Goods Manufactured Total manufacturing costs incurred in period $7,000 less than Cost of Goods Sold $2,700 50% of materials inventory on Jan 31 $11,700 3 times the direct labor incurred Account Balances Account Jan. 31 Feb. 28 Costs Incurred Materials Inventory S Direct Materials Used Direct Labor Incurred Factory Overhead Incurred S 21,000 16,000 Cost of Goods Sold Points:0/8