29.

Chavez Corporation reported the following data for the month of July:

Inventories:

	Beginning		Ending
Raw materials	$	32,000	$	32,500
Work in process	$	18,500	$	22,000
Finished goods	$	34,500	$	49,500

Additional information:

Raw materials purchases	$	68,500
Direct labor cost	$	93,500
Manufacturing overhead cost incurred	$	61,500
Indirect materials included in manufacturing overhead cost incurred	$	9,000
Manufacturing overhead cost applied to Work in Process	$	60,500

Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold.

The direct materials cost for July is:

Multiple Choice

• $59,000

• $69,000

• $68,000

• $68,500

31.

Weirick, Inc., manufactures and sells two products: Product T8 and Product P4. The company has an activity-based costing system with the following activity cost pools, activity measures, and expected activity:

		Estimated		Expected Activity
Activity Cost Pools	Activity Measures	Overhead Cost		Product T8	Product P4	Total
Labor-related	DLHs	$	135,700	10,000	5,000	15,000
Production orders	orders		64,000	1,100	200	1,300
Order size	MHs		1,001,010	2,800	3,200	6,000
		$	1,200,710

The total overhead applied to Product P4 under activity-based costing is closest to: (Round your intermediate calculations to 2 decimal places.)

Multiple Choice

• $937,010

• $533,888

• $588,984

• $1,065,010