Dapper Corporation had only one job in process on May 1.The job had been charged with $3,400 of direct materials,$4,640 of direct labor,and $9,200 of manufacturing overhead cost.The company assigns overhead cost to jobs using the predetermined overhead rate of $23.00 per direct labor-hour. During May,the following activity was recorded: 
Work in process inventory on May 30 contains $7,540 of direct labor cost.Raw materials consist solely of items that are classified as direct materials.
The cost of goods manufactured for May was:
Definitions:
Asymmetric Information
A situation where one party in a transaction has more or better information than the other, leading to an imbalance in power.
Product Reviews
Opinions or evaluations of a product or service, typically published by consumers or critics, influencing purchasing decisions.
Alleviate Problems
The act of making a problematic situation less severe or more bearable.
Asymmetric Information
A situation in which one party in a transaction has more or better information than the other, often leading to an imbalance in power and potentially unfair outcomes.
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