Tyare Corporation had the following inventory balances at the beginning and end of May Raw materials Finished Goods Work in Process May 1 May 29,580 $38,e00 $79,800 $74,e00 $17,see $17,116 During May, $62.500 in raw materials (all direct materials) were drawn from inventory and used in production. pended on the jobs in the he Corporation was $12 per direct labor-hour, and it paid its direct labor workers $15 per hour. A total of 380 hours of direct labor time had been ex incurred $43.200 of actual manufacturing overhead cost during the month and applied The actual direct labor hours worked during May totaled Work in Process inventory account. The ending Work in Process inventory account contained $7.450 of direct materials cost. T $42,000 in manufacturing overhead cost Muliple Choice 1600 hours 2 880 hours 3.500 hours 4.540 hou