Snack Smart, Inc., is a manufacturer of prepacked snack food for the health conscious consumer. The companys raw materials inventory only contains direct materials. During the year, the company purchased and used $13,500 of direct materials. In addition, the company incurred the following manufacturing costs: direct labor $15,000 rent $8,000 depreciation $4,500 utilities $6,000 indirect labor $5,000 indirect materials $500 On the companys cost of goods sold scheduled prepared at year end, the cost of goods manufactured for the year was $22,000 and there was a net increase of $2,250 in finished goods inventory. Which of the following statements is correct assuming the company uses an actual costing system to account for manufacturing overhead?

A. The net decrease in work in process inventory during the period was $30,500. B. Total actual manufacturing overhead costs for the year were $39,000. C. To calculate gross profit, $24,250 would be subtracted from sales revenue. D. The beginning raw materials inventory equaled the ending raw materials inventory. E. More than one of the above statements is correct.