Use the following information for the next three questions.

XYZ Company is a manufacturer who uses a normal cost system and allocates manufacturing overhead to work-in-process based on a percentage of direct manufacturing labor cost. Additionally, XYZ closes any over- or under- allocated overhead at year-end to cost of goods sold. T-accounts of XYZ Company for the year ended December 31, 2015 are presented below.

	Raw (Direct) Materials			Work-in-Process
	+ Beg. Bal. 4,000	--		+ Beg. Bal. 4,000	-- 50,000
	18,000	?		DM ?
				DL 16,000
	End. Bal. 2,000			O/H ? End. Bal. ?

	Finished Goods			Wages Payable
	+ Beg. Bal 17,000	--		-- 0	+ 16,000
	?	?
	End. Bal 12,000

	Manuf. Overhead			Cost of Goods Sold
	Actual 29,000	Allocated 28,000		+	--
				End. Bal. ?

The cost of goods manufactured is equal to:

a. $61,000

b. $55,000

c. $18,000

d. $56,000

e. $50,000

The cost of goods sold after the overhead variance is closed is equal to:

a. $50,000

b. $56,000

c. $55,000

d. $51,000

e. $54,000

Job #5, the only job still in process at the end of the year, has been charged with direct manufacturing labor cost of $3,000. What was the amount of direct materials charged to Job No. 5?

a. $15,000

b. $ 9,750

c. $10,562.50

d. $16,000

e. impossible to determine from given information.