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Meyers Corporation had the following inventory balances at the beginning and end of November: November 1 November 30 Raw Materials $ 16,000 $ 14,000 Finished

Meyers Corporation had the following inventory balances at the beginning and end of November:

November 1 November 30
Raw Materials $ 16,000 $ 14,000
Finished Goods $ 44,000 $ 30,000
Work in Process $ 4,000 $ 10,000

During November, $34,000 in raw materials (all direct materials) were drawn from inventory and used in production. The company's predetermined overhead rate was $4 per direct labor-hour, and it paid its direct labor workers $7 per hour. A total of 200 hours of direct labor time had been expended on the jobs in the beginning Work in Process inventory account. The ending Work in Process inventory account contained $4,000 of direct materials cost. The Corporation incurred $24,000 of actual manufacturing overhead cost during the month and applied $22,000 in manufacturing overhead cost.

9.

Required information

The direct materials cost in the November 1 Work in Process inventory account totaled:

$3,200

$1,400

$1,800

$2,600

10.

Required information

The actual direct labor-hours worked during November totaled: (Round your answers to the nearest dollar.)

3,429 hours

6,000 hours

3,143 hours

5,500 hours

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