Dapper Corporation had only one job in process on May 1.The job had been charged with $3, 400 of direct materials, $4, 640 of direct labor, and $9, 200 of manufacturing overhead cost.The company assigns overhead cost to jobs using the predetermined overhead rate of $23.00 per direct labor-hour. During May, the following activity was recorded: Work in process inventory on May 30 contains $7, 540 of direct labor cost.Raw materials consist solely of items that are classified as direct materials.
The cost of goods manufactured for May was:

Question

Dapper Corporation had only one job in process on May 1.The job had been charged with $3, 400 of direct materials, $4, 640 of direct labor, and $9, 200 of manufacturing overhead cost.The company assigns overhead cost to jobs using the predetermined overhead rate of $23.00 per direct labor-hour. During May, the following activity was recorded:  Work in process inventory on May 30 contains $7, 540 of direct labor cost.Raw materials consist solely of items that are classified as direct materials.
The cost of goods manufactured for May was:

Quizplus · Accepted Answer

Beginning work in process inventory = $3, 400 + $4, 640 + $9, 200 = $17, 240
 11eaa0c8_95e6_de1c_9cb2_e9112acb5e23_TB2487_00

Dapper Corporation Had Only One Job in Process on May