Extracted text: Dacosta Corporation had only one Job in process on May 1. The Job had been charged with $2.250 of direct materlals, $6,990 of direct labor, and $10,062 of manufacturing overhead cost. The company assigns overhead cost to Jobs using the predetermined overhead rate of $19.30 per direct labor-hour. During May, the following activity was recorded: Raw materials (all direct materials): Beginning balance Purchased during the month Used in production $ 8,950 $38,450 $39,750 Labor: Direct labor-hours worked during the month 2,350 Direct labor cost incurred $24,960 Actual manufacturing overhead costs incurred $33,750 Inventories: Raw materials, May 30 Work in process, May 30 ? $17,054 Work In process Inventory on May 30 contalns $3,822 of direct labor cost. Raw materials consist solely of Items that are classified as direct materlals. The balance In the raw materlals Inventory account on May 30 was: Multiple Cholce $7,650 $1,300 $29,500 $30,800
Extracted text: Chavez Corporation reported the following data for the month of July. Inventorles: Beginning Ending $ 47,000 $40,000 $ 26,000 $37,000 $ 42, 000 $57,000 Raw materials Work in process Finished goods Additional Information: $ 76,000 $101,000 $ 69,000 Raw materials purchases Direct labor cost Manufacturing overhead cost incurred Indirect materials included in manufacturing $ 12,000 $ 68,000 overhead cost incurred Manufacturing overhead cost applied to Work in Process Any underapplied or overapplied manufacturing overhead Is closed out to cost of goods sold. The cost of goods manufactured for July is: Multiple Cholce $229.000 $251,000 $240,000 $252,000