Tyare Corporation had the following inventory balances at the beginning and end of May: May 1 $35,500 $85,000 $23,500 May 30 $50,000 $86,000 $18,040 Raw materials Finished Goods Work in Process During May. $68,500 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 500 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 $8,050 of direct materials cost. The Corporation incurred $45.000 of actual manufacturing overhead cost during the month and applied $45,600 in manufacturing overhead cost. The direct materials cost in the May 1 Work in Process inventory account totaled: Multiple Cholce $17,500 $10,000 $16,000 $7,500