Dacosta Corporation had only one job in process on May 1. The job had been charged with $1,850 of direct materials, $6,990 of direct labor, and $9,950 of manufacturing overhead cost. The company assigns overhead cost to jobs using the predetermined overhead rate of $18.50 per direct labor-hour. During May, the following activity was recorded: Raw materials (all direct materials): Beginning balance $ 8,550 Purchased during the month $38,050 Used in production $39,350 Labor: Direct labor-hours worked during the month 1,950 Direct labor cost incurred $24,560 Actual manufacturing overhead costs incurred $33,350 Inventories: Raw materials, May 30 Work in process, May 30 $16,950 Work in process inventory on May 30 contains $3,750 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: The balance in the raw materials inventory account on May 30 was: Multiple Choice $30.000 $29,500 $1.300 $7.250