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Paige Printing uses a job-order costing system. The following debits (credits) appeared in the Work-in-Process account for May:
Paige Printing uses a job-order costing system. The following debits (credits) appeared in the Work-in-Process account for May:May 1Balance$5,000 (Debit)Entire monthDirect material30,000 (Debit)Entire monthDirect labor20,000 (Debit)Entire monthFactory over.16,000 (Debit)Entire monthTo finished goods$60,000 (Credit)Paige Printing applies overhead to production at a predetermined rate of 80 percent based on direct labor cost. Job 75, the only job still in process at the end of May, has been charged with direct labor of $2,500.RequiredWhat was the cost of direct material charged to job 75?
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