Dacosta Corporation had only one job in process on May 1. The job had been charged with $1,950 of direct materials, $6,990 of direct labor, and $9,978 of manufacturing overhead cost. The company assigns overhead cost to jobs using the predetermined overhead rate of $18.70 per direct labor-hour During May, the following activity was recorded Raw materials (all direct materials): $ 8,650 $38,150 $39,450 Beginning balance Purchased during the month Used in production Labor: Direct labor-hours worked during the month Direct labor cost incurred 2,050 $24,660 $33,450 Actual manufacturing overhead costs incurred Inventories: Raw materials, May 30 Work in process, May 30 $16,976 Work in process inventory on May 30 contains $3,768 of direct labor cost. Raw materials consist solely of items that are classified as direct materials Multiple Choice $7,350 $29,500 $30,800