Tyare Corporation had the following inventory balances at the beginning and end of May. May 1 May 30 Rav materials $25,500 $30,000 Finished Goods Mork in Process $75,000 $13,500 $66,000 $16,500 During May, $58,500 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 300 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 $7,050 of direct materials cost. The Corporation incurred $42,000 of actual manufacturing overhead cost during the month and applied $39.600 in manufacturing overhead cost The actual direct labor-hours worked during May totaled O Mutiple Choice 3.300 hours 2.800 hours 3.600 hours 1.500