Reference no: EM132579553
Dacosta Corporation had only one job in process on May 1. The job had been charged with $2,800 of direct materials, $6,966 of direct labor, and $10,216 of manufacturing overhead cost. The company assigns overhead cost to jobs using the predetermined overhead rate of $20.40 per direct labor-hour.
During May, the following activity was recorded:
Raw materials (all direct materials):
Beginning balance $9,500
Purchased during the month $39,000
Used in production $40,300
Labor:
Direct labor-hours worked during the month 2,900
Direct labor cost incurred $25,510
Actual manufacturing overhead costs incurred$34,300
Inventories:
Raw materials, May 30 ?
Work in process, May 30$17,197
Work in process inventory on May 30 contains $3,921 of direct labor cost. Raw materials consist solely of items that are classified as direct materials.
Question 1: The balance in the raw materials inventory account on May 30 was
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