Dacosta Corporation had only one job in process on May 1. The job had been charged with $2.350 of direct materials, $6,990 of direct labor, and $10,090 of manufacturing overhead cost. The company assigns overhead cost to jobs using the predetermined overhead rate of $19.50 per direct labor hour During May, the following activity was recorded: $ 9,850 $38,550 $39,850 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 2,450 $25,860 $33,850 $17,00 Work in process inventory on May 30 contains $3,840 of direct labor cost Raw materials consist solely of items that are classified as direct materials The cost of goods manufactured for May was: Multiple Choice 0 597,220