Nautical Footwear Incorporated manufactures womens boating shoes. Manufacturing overhead is assigned to production on a machine-hour basis. For 2022, it was estimated that manufacturing overhead would total $358,740 and that 27,320 machine hours would be used.

Note: Round your answer to 2 decimal places.

A. Calculate the predetermined overhead application rate that will be used for absorption costing purposes during 2022.

Predetermined Overhead Application Rate =

B. During May, 4,000 pairs of shoes were made. Raw materials costing $6,740 were used, and direct labor costs totaled $9,060. A total of 730 machine hours were worked during the month of May. Calculate the cost per pair of shoes made during May.

Cost per pair of shoes produced =

C. At the end of May, 1,050 pairs of shoes were in ending inventory. Calculate the cost of the ending inventory and the cost of the shoes sold during May.

Note: Do not round intermediate calculations. Round your answers to 2 decimal places.

Cost of shoes in ending inventory =

Cost of shoes sold =