Tyare Corporation had the following Inventory balances at the beginning and end of May. Raw materials Finished Goods Work in Process May 1 $34,000 $83,500 $22,000 May 30 $47,000 $83,000 $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 paldits direct lobor 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 applled $44,700 in manufacturing overhead cost. The direct materials cost in the May 1 Work in Process inventory account totaled: Multiple Choice $4.50 02:10 Multiple Choice O $16,360 $9,310 $14,950 $7,050