total manufacturing costs charged ( debited) to work in process during august amount to

Required information (The following information applies to the questions displayed below.] The following information has been taken from the perpetual inventory system of Elite Mfg. Co. 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) $79,000 $67,000 $21,000 $35,000 Balances in inventory Materials Work in Process Finished Goods August 31 August 1 ? 42,000 $63,000 56,500 $68,000 48,700 The total amount of inventory to be included in Elite's August 31st balance sheet amounts to