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Q24 Dacosta Corporation had only one job in process on May 1. The job had...

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Accounting

Q24

Dacosta Corporation had only one job in process on May 1. The job had been charged with $2,650 of direct materials, $6,990 of direct labor, and $10,174 of manufacturing overhead cost. The company assigns overhead cost to jobs using the predetermined overhead rate of $20.10 per direct labor-hour.

During May, the following activity was recorded:

Raw materials (all direct materials):
Beginning balance $ 9,350
Purchased during the month $ 38,850
Used in production $ 40,150
Labor:
Direct labor-hours worked during the month 2,750
Direct labor cost incurred $ 25,360
Actual manufacturing overhead costs incurred $ 34,150
Inventories:
Raw materials, May 30 ?question mark
Work in process, May 30 $ 17,158

Work in process inventory on May 30 contains $3,894 of direct labor cost. Raw materials consist solely of items that are classified as direct materials.

The balance in the raw materials inventory account on May 30 was:

Multiple Choice

$8,050

$1,300

$29,500

$30,800

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