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 \$70,000 Direct materials used $53,500 Direct labor costs assigned to production$ 18,000 Manufacturing overhead costs incurred and applied) $ 35,000 Balances in inventory August 31 August 1 Materials$ ? $38,000 Work in Process $ 54,000 $ 52,000 Finished Goods $ 59,000 $ 46,000 Total manufacturing costs charged (debited) to Work in Process during August amount to:
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 \$70,000 Direct materials used $53,500 Direct labor costs assigned to production$ 18,000 Manufacturing overhead costs incurred and applied) $ 35,000 Balances in inventory August 31 August 1 Materials$ ? $38,000 Work in Process $ 54,000 $ 52,000 Finished Goods $ 59,000 $ 46,000 Total manufacturing costs charged (debited) to Work in Process during August amount to:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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 \$70,000 Direct materials used $53,500 Direct labor costs assigned to production$ 18,000 Manufacturing
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