Business, 28.01.2020 06:31 mallorykay44

Dacosta corporation had only one job in process on may 1. the job had been charged with $2,550 of direct materials, $6,990 of direct labor, and $10,146 of manufacturing overhead cost. the company assigns overhead cost to jobs using the predetermined overhead rate of $19.90 per direct labor-hour.

during may, the following activity was recorded:

raw materials (all direct materials):
beginning balance $ 9,250
purchased during the month $ 38,750
used in production $ 40,050
labor:
direct labor-hours worked during the month 2,650
direct labor cost incurred $ 25,260
actual manufacturing overhead costs incurred $ 34,050
inventories:
raw materials, may 30 ?
work in process, may 30 $ 17,132
work in process inventory on may 30 contains $3,876 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:

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Dacosta corporation had only one job in process on may 1. the job had been charged with $2,550 of di...

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