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Rock Industries allocates manufacturing overhead based on direct labor cost. Any overallocated or underallocated overhead is closed monthly. The annual budget shows Direct Labor costs

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Rock Industries allocates manufacturing overhead based on direct labor cost. Any overallocated or underallocated overhead is closed monthly. The annual budget shows Direct Labor costs and Overhead costs of $252,000 and $403,200, respectively. Each monthly budget is 1/12th of the annual budget. There is no Work in Process at the end of October. Three jobs were started in November. Direct materials that were used in November total $26,000 and direct labor costs in November were $21,000. For the month of November, the actual manufacturing overhead was $34,200. The one job still in process on the last day of November included $3,000 for direct materials and $1,500 for direct labor. Calculate the cost of goods manufactured for November before proration of over or under allocated overhead. $76,100 $80,600 $73,700 $68,900

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