TB MC Qu. 16-79 (Algo) Total manufacturing costs charged... The following information has been taken from the perpetual inventory system of Elite Manufacturing Company for the month ended August 31: Purchases of direct materials Direct materials used Direct labor costs assigned to production k Manufacturing overhead costs incurred (and applied) $ 66,000 $ 47,500 $ 27,000 $ 35,000 nces Balances in inventory Materials August 31 $ ? August 1 $ 30,000 Work in Process $ 50,000 $ 50,000 Finished Goods $ 55,000 $ 44,800 Total manufacturing costs charged (debited) to Work in Process during August amount to: Multiple Choice