Help Save & Exit Sub Tyare Corporation had the following inventory balances at the beginning and end of May May 1 May 30 Raw materials $34, 500 $48, 008 Finished Goods $84, 000 $84, 000 Work in Process $22, 500 $17 , 886 During May, $67,500 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 480 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 $7,950 of direct materials cost. The Corporation incurred $44,700 of actual manufacturing overhead cost during the month and applied $45,000 in manufacturing overhead cost. The amount of direct labor cost in the May 30 Work in Process inventory was: Multiple Choice O $4.416 O $5,520