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Please show the work . The calculations to the answer The following information has been taken from the perpetual inventory system of Elite Mfg Co.
Please show the work . The calculations to the answer
The following information has been taken from the perpetual inventory system of Elite Mfg Co. for the month ended August 31: ok Purchases of direct materials Direct materials used Direct labor costs assigned to production Manufacturing overhead costs incurred (and applied) $60,000 $50,000 $25.000 $35,000 Balances in inventory Materials Work in Process Finished Goods August 31 August I S? S25,000 $65,000 $47,000 $60,000 $43,000 16. Refer to the above data. The total amount of inventory to be included in Elite's August 31st balance shee amounts to: A. $135,000. B. $210,000. C. $160,000 D. Some other amount 17. Refer to the above data. Total manufacturing costs charged (debited) to Work in Process during August amount to: A.$60,000 B. $125,000. C.S110,000. D Some other amount 18. Refer to the above data. The cost of finished goods manufactured in August is: A. $147,000. B. $92,000. C. $57,000. D. Some other amount. 19. Refer to the above data. The cost of goods sold in August is: A $75,000 B. $17,000 C. $135,000. D. Some other amount. mtem of Imperial Mfg. Co. for Step by Step Solution
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