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The following information has been taken from the perpetual inventory system of Imperial Manufacturing Company...

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Accounting

The following information has been taken from the perpetual inventory system of Imperial Manufacturing Company for the month ended September 30:
Purchases of direct materials $ 75,000
Direct materials used $ 52,400
Direct labor costs assigned to production $ 41,000
Manufacturing overhead costs incurred and applied $ 48,000
Balances: September 30 September 1
Materials Inventory $ ? $ 49,000
Work in Process Inventory $ 38,000 $ 46,500
Finished Goods Inventory $ 42,000 $ 73,000
The total amount of inventory to be included in Imperial 's September 30th balance sheet amounts to:
Multiple Choice
$204,000.
$80,000.
$151,600.
Some other amount.

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