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	$ 60,000
Direct materials used	$ 50,000
Direct labor costs assigned to production	$ 25,000
Manufacturing overhead costs incurred (and applied)	$ 35,000

Balances in inventory	August 31	August 1
Materials	$ ?	$ 25,000
Work in Process	$ 65,000	$ 47,000
Finished Goods	$ 60,000	$ 43,000

The total amount of inventory to be included in Elite's August 31^st balance sheet amounts to:

Multiple Choice

• $135,000.

• $210,000.

• $160,000.

• Some other amount.