Dacosta Corporation had only one job in process on May 1. The job had been charged with $2,250 of direct materials, $6,990 of direct labor, and $10,062 of manufacturing overhead cost. The company assigns overhead cost to jobs using the predetermined overhead rate of $19.30 per direct labor- hour. During May, the following activity was recorded: $ 8,950 $38, 450 $39,750 Raw materials (all direct materials): Beginning balance Purchased during the month Used in production Labor: Direct labor-hours worked during the month Direct labor cost incurred Actual manufacturing overhead costs incurred Inventories: Raw materials, May 30 Work in process, May 30 2,350 $ 24,960 $33,750 ? $17,054 Work in process inventory on May 30 contains $3,822 of direct labor cost. Raw materials consist solely of items that are classified as direct materials. The balance in the raw materials inventory account on May 30 was: Multiple Choice $1,300 $29.500 Prev 1 of 20 Next >