direct material cost for may 1

Saved Help Save & Exit Submit 5 Tyare Corporation had the following inventory balances at the beginning and end of May: May 1 Raw materials May 30 $30, 000 $39, 000 Finished Goods $79 , 500 $75, 000 Work in Process $18, 000 $17, 193 During May, $63,000 in raw materials (all direct materials) were drawn from inventory and used in production. The company's predetermined overhead rate was $12 per direct labor-hour, and it paid its direct labor workers $15 per hour. A total of 390 hours of direct labor time had been expended on the jobs in the beginning Work in Process inventory account. The ending Work in Process inventory account contained $7,500 of direct materials cost. The Corporation incurred $43,350 of actual manufacturing overhead cost during the month and applied $42,300 in manufacturing overhead cost. The direct materials cost in the May 1 Work in Process inventory account totaled: Multiple Choice $13,320 Mc braw ducation 9 7:03 PM be here to search 8/15/202