24. The Milo Company's records for May contained the following information: Actual direct labour- hours Actual direct labour cost Direct material 9,000 hours $47,000 16,000 purchased Direct material used 14,000 Cost of goods sold 100,000 Overapplied overhead 5,000 Ending inventories: Raw materials 30,000 Work in process 50,000 Finished goods 70,000 The company uses a predetermined overhead rate of $5.00 per direct labour hour to apply manufacturing overhead to jobs. The Cost of Goods Manufactured during the month was: A. $636,000.