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will like and thumbs up Tyare Corporation had the following inventory balances at the beginning and end of May Raw materials Finished Goods Work in

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Tyare Corporation had the following inventory balances at the beginning and end of May Raw materials Finished Goods Work in Process May 1 $35,500 $85,000 $23,500 May 30 $50,000 $86,000 $18,040 During May, $68,500 in raw materials (all direct materials) were drawn from inventory and used in production. The company's predetermined overhead rate was $12 per direct labor-hour, and it paid its direct labor workers $15 per hour. A total of 500 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 $8.050 of direct materials cost. The Corporation incurred $45,000 of actual manufacturing overhead cost during the month and applied 545,600 in manufacturing overhead cost. The raw materials purchased during May totaled: Multiple Choice O $85,960 The raw materials purchased during May totaled: Multiple Choice $85,960 $83,000 $68,500 $54,000 The following accounts are from last year's books of Sharp Manufacturing: 157,400 523,600 Bal (a) Raw Materials el (b) 172,500 15,100 (b) (c) Work In Process (f) 133,700 171,400 218,500 0 Manufacturing Overhead 23,700(e) 27,700 159,400 Bal Finished Goods el (8) 523,600 46,600 477,000 (b) (c) 218,500 7,700 (8) Cost of Goods Sold 477,000 Sharp uses job-order costing and applies manufacturing overhead to jobs based on direct labor costs. What is the amount of direct materials used for the year? Multiple Choice Sharp uses job-order costing and applies manufacturing overhead to jobs based on direct labor costs. What is the amount of direct materials used for the year? Multiple Choice $133,700 O $157,400 $171,400 $172,500

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