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The following information has been taken from the perpetual inventory system of Elite Mfg. Co. for...

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 $ 78,000
Direct materials used $ 65,500
Direct labor costs assigned to production $ 31,000
Manufacturing overhead costs incurred (and applied) $ 35,000
Balances in inventory August 31 August 1
Materials $ ? 40,000
Work in Process $ 62,000 56,000
Finished Goods $ 67,000 48,400

  

Total manufacturing costs charged (debited) to Work in Process during August amount to:

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ReportAnswer #1
Total Manufacturing Cost Charged to WIP:
Direct Material Used 65,500
Direct Labour cost assigned 31,000
Manufacturing Overheads applied 35,000
Total Manufacturing Cost Charged to WIP: 1,31,500
Answer is $ 131,500
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