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...

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Extracted text: 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 Purchased during the month $ 8,750 $38,250 $39,550 Used in production Labor: Direct labor-hours worked during the month 2,150 $24,760 $33,550 Direct labor cost incurred Actual manufacturing overhead costs incurred Inventories: Raw materials, May 30 Work in process, May 30 $17,002 Work in process inventory on May 30 contains $3,786 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 $7.450 $1,300