Exercise 13-16 (Algo) Product costing-manufacturing overhead LO 13-5 Nautical Footwear incorporated manufactures women's boating shoes. Manufacturing overhead is assigned to proctuction on a machine-hour basis. For 2022, it was estimated that manufacturing overhead would total $352,290 and that 26,680 machine hours would be used Required: a. Calculate the predetermined overhead application rate that will be used for absorption costing purposes during 2022 Note: Round your answer to 2 decimal pleces. b. During May, 3,000 pairs of shoes were made Raw materials costing $6,350 were used, and direct labor costs totaled $9,800A total of 730 machine hours were worked duting the month of Moy. Calculate the cost per pair of shoes made during May. Note: Do not round intermediate calculations. Round your answer to 2 decimal ploces. c. At the end of May, 1,290 pairs of shoes were in ending inventory Calculate the cost of the ending invertory and the cost of the shoes sold during May. Note: Do not round intermediate colculotions. Round your answers to 2 decimal places