Manufacturing overhead cost

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Reference no: EM13916689

Dapper Corporation had only one job in process on May 1. The job had been charged with $1,030 of direct materials, $3,760 of direct labor, and $6,350 of manufacturing overhead cost. The company assigns overhead cost to jobs using the predetermined overhead rate of $22.20 per direct labor-hour.

During May, the following activity was recorded:

Raw materials (all direct materials):
Beginning balance	$ 7,400
Purchased during the month	$28,200
Used in production	$29,400
Labor:
Direct labor-hours worked during the month	1,710
Direct labor cost incurred	$20,691
Actual manufacturing overhead costs incurred	$34,000
Inventories:
Raw materials, May 30	?
Work in process, May 30	$15,500

Work in process inventory on May 30 contains $2,420 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.

Reference no: EM13916689

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