Incorrect Question 8 0/1 pts The following information about Fisher Corporation's Work in Process inventory account has been provided for the month of May: May 1 balance in WIP $ 26,000 Costs added to WIP in May: Direct Materials $40,000 Direct Labor $ 50,000 Manufacturing Overhead allocated ??? May 31 balace in WIP $33,000 NOTE: "applied" and "allocated" mean the same thing During the month, Fisher Corporation's Work in Process inventory account was credited for $120,500, which represented the Cost of Goods Manufactured for the month. The amount of Manufacturing Overhead applied in the month of May was: $120,500 $4,500 $28,500 $37.500 1 / 1 pts