Marvin Ltd had the following inventory balances at the beginning and end of December December 1...

 

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Marvin Ltd had the following inventory balances at the beginning and end of December December 1 December 31 Raw materials $27,400 $59,000 Finished Goods $89,200 $93,600 Work in Process $27,400 $23,563 During December, $78,000 in raw materials (all direct materials) were drawn from inventory and used in production. Marvin Ltd's predetermined overhead rate was $14 per direct labor-hour, and it paid its direct labor workers $17 per hour. A total of 960 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 $9,900 of direct materials cost. The Corporation incurred $47,350 of actual manufacturing overhead cost during the month and applied $49,800 in manufacturing overhead cost. The raw materials purchased during December totaled: Marvin Ltd had the following inventory balances at the beginning and end of December December 1 December 31 Raw materials $27,400 $59,000 Finished Goods $89,200 $93,600 Work in Process $27,400 $23,563 During December, $78,000 in raw materials (all direct materials) were drawn from inventory and used in production. Marvin Ltd's predetermined overhead rate was $14 per direct labor-hour, and it paid its direct labor workers $17 per hour. A total of 960 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 $9,900 of direct materials cost. The Corporation incurred $47,350 of actual manufacturing overhead cost during the month and applied $49,800 in manufacturing overhead cost. The raw materials purchased during December totaled:

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