Business, 15.07.2021 19:10 whocares1819

Dacosta Corporation had only one job in process on May 1. The job had been charged with $2,050 of direct materials, $6,990 of direct labor, and $10,006 of manufacturing overhead cost. The company assigns overhead cost to jobs using the predetermined overhead rate of $18.90 per direct labor-hour. During May, the following activity was recorded: Raw materials (all direct materials):
Beginning balance $8,750
Purchased during the month $38,250
Used in production $39,550
Labor:
Direct labor-hours worked during the month 2,150
Direct labor cost incurred $24,760
Actual manufacturing overhead costs incurred $33,550
Inventories:
Raw materials, May 30 ?
Work in process, May 30 $17.002

Work in process inventory on May 30 contains $3786 of direct labor cost. Raw matenals consist solety of tems that are classified as materials The cost of goods manufactured for May was:

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Dacosta Corporation had only one job in process on May 1. The job had been charged with $2,050 of di...

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