Nautical Footwear Incorporated manufactures women's boating shoes. Manufacturing overhead is assigned to production on a machine-hour basis. For 2022, it was estimated that manufacturing overhead would total $368.090 and that 27,920 machine hours would be used. Required: o. Calculate the predetermined overhead application rate that will be used for absorption costing purposes during 2022 Note: Round your answer to 2 decimal ploces. b. During May. 3.200 pairs of shoes were made. Raw materials costing $6.090 were used, and direct labor costs totaled $9.590.A total of 750 machine hours were worked during the month of May. Calculate the cost per pair of shoes made during May. Note: Do not round intermediate calculations. Round your answer to 2 decimol places. c. At the end of May, 1.270 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 intermediote calculations. Round your answers to 2 decimal places