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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
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 Manufacturing overhead costs incurred (and applied) Balances in inventory Materials Work in Process Finished Goods Multiple Choice $110,000. August 31 $ ? $ 65,000 $ 60,000 Total manufacturing costs charged (debited) to Work in Process during August amount to: Some other amount. August 1 $ 25,000 $ 47,000 $ 43,000 $ 60,000 $ 50,000 $ 25,000 $ 35,000
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