Two items are omitted from each of the following three lists of cost of goods manufactured statement data. Determine the amounts of the missing items, identifying them by letter. $ 19,660 $ 41,650 Work in process inventory, August 1 Total manufacturing costs incurred during August Total manufacturing costs (E) (C) 1,075,000 $1,240,000 332,750 (A) $515,770 Work in process inventory, August 31 Cost of goods manufactured 23,500 54,000 (F) (B) (D) $1,068,000

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Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.