Costs and Balances

of goods manufactured.

Data for February

Decrease in materials inventory

Materials inventory on Feb. $28$

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

$$27,300$

$70\%$ of Cost of Goods Manufactured

$$8,000$ less than Cost of Goods Sold