Tyare Corporation had the following inventory balances at the beginning and end of May May 1 $34,500 $84,000 $22,500 May 30 $48,000 $84,e00 $17,886 Raw materials Finished Goods Work in Process During May, $67,500 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 480 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 $7,950 of direct rihaterials cost. The Corporation incurred $44,700 of actual manufacturing overhead cost during the month and applied $45,000 in manufacturing overhead cost The actual direct labor-hours worked during May totaled: Multiple Choice 2,980 hours 3,725 hours 3,750 hours 5,760 hours