Question

18 Dacosta Corporation had only one job in process on May 1 The job had been charged with $2,800 of direct materials. 56,966 of director 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 av saterials (all direct materiala) Beginning balance Purchased during the month Used in production Labor Direct labor-hours worked during the month Direct labor cost incurred Ketual manufacturing overhead costs ineur Taventories Raw materials, May 30 Work in process, May 30 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 The balance in the raw materials inventory account on May 30 was

Answer 1

The ending balance of raw materials on May 30th is $8,200.

Supporting calculations:

Beginning balance in raw materials	$9,500
Add: Purchase of raw materials	$39,000
Total raw materials available for use	$48,500
Less: Raw materials used in production	($40,300)
Ending balance of raw materials on May 30	$8,200