Help Seve yare Corporation had the following inventory balances at the beginning and end of May Raw materials Finished Goods Work in Process May 1 $26,000 $75,500 $14.000 May 30 $31,000 $67,000 $16.567 During May $59.000 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 310 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 57100 of direct materials cost. The Corporation incurred $42.150 of actual manufacturing overhead cost during the month and applied $39.900 in manufacturing overhead cost The raw materials purchased during May totaled: O $50.000 554000 0 4000