Tyare Corporation had the following inventory balances at the beginning and end of May:

	May 1			May 30
Raw materials	$	34,000		$	47,000
Finished Goods	$	83,500		$	83,000
Work in Process	$	22,000		$	17,809

During May, $67,000 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 470 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 $7,900 of direct materials cost. The Corporation incurred $44,550 of actual manufacturing overhead cost during the month and applied $44,700 in manufacturing overhead cost.

The raw materials purchased during May totaled:

Multiple Choice

• $67,000

• $83,191

• $54,000

• $80,000