Dacosta Corporation had only one job in process on May 1. The job had been charged with $2,550 of direct materials, $6,990 of direct labor, and $10,146 of manufacturing overhead cost. The company assigns overhead cost to jobs using the predetermined overhead rate of $19.90 per direct labor-hour During May, the following activity was recorded: Raw materials (all direct materials): Beginning balance Purchased during the month 9,250 $38,750 Used in production $40,050 Labor: Direct labor-hours worked during the month 2,650 Direct labor cost incurred Actual manufacturing overhead costs incurred $25,260 $34,050 Inventories: Raw materials, May 30 Work in process, May 30 $17,132 Work in process inventory on May 30 contains $3,876 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 $97,260 $110.750 $118.045 $120,599