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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) $ 66,000 $ 47,500 $ 27,000 $ 35,000 August 31 Balances in inventory Materials Work in Process Finished Goods August 1 $ 30,000 $ 50,000 $ 44, 800 $ 50,000 $ 55,000 Total manufacturing costs charged (debited) to Work in Process during August amount to: Multiple Choice $62,000. $139,500. O $109.500. Some other amount
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