Dacosta Corporation had only one job in process on May 1. The job had been charged with $1950 of direct materials, $6990 of direct labor, and $9978 of manufacturing overhead cost. The company assigns overhead cost to jobs using the predetermined overhead rate of $18.70 per direct labor-hour.During May, the following activity was recorded: Raw materials (all direct materials): Beginning balance$8650?Purchased during the month$38,150?Used in production$39,450?Labor: Direct labor-hours worked during the month 2050?Direct labor cost incurred$24,660?Actual manufacturing overhead costs incurred$33,450?Inventories: Raw materials, May 30 ?Work in process, May 30$16,976?Work in process inventory on May 30 contains $3768 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:
A. $29,500
B. $30,800
C. $7350
D. $1300
Answer: C
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