Meyers Company had the following inventory balances at the beginning and end of November Raw Materials Finished Goods Work in Process November 1 $17.000 $50,000 $9,000 November 30 $20,000 $44.000 $11,000 During November, $39,000 in raw materials (all direct materials) were drawn from inventory and used in production. The company's predetermined overhead rate was $8 per direct labour hour, and it paid its direct labour workers $10 per hour. A total of 300 hours of direct labour time had been expended on the jobs in the beginning Work in Process inventory account. The ending Work in Process inventory account contained $4700 of direct materials cost. The Company incurred $28,000 of actual manufacturing overhead cost during the month and applied $26,400 in manufacturing overhead cost The raw materials purchased during November totaled Multiple Choice $39.000 $42.000