An Appliance Repair Shop Purchased Materials Costing $9,000 in May

Multiple Choice

An appliance repair shop purchased materials costing $9,000 in May. The beginning inventory of material parts was $4,500 and the ending inventory of material parts was $4,000. Payments for direct labour for May totalled $27,000, secretarial costs were $2,000, and overhead of $5,000 was incurred. In addition, $5,000 was spent on advertising and $2,000 for the franchise name. Revenue for May was $50,000.
-Refer to the figure.What is the cost of services sold for May?

A) $40,500
B) $41,500
C) $43,500
D) $50,500