Tyare Corporation had the following inventory balances at the beginning and end of May 2 $33,500 $46,000 $83,000 $82,000 005007 Work in Process $21,500 $17,732 Raw materials Finished Goods nviron... d heal During May, $66,500 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 460 hours of direct labor time had been expended on the jobs in the beginning Work in Process inventory account The ending vork in Process inventory account contained $7850 of direct materials cost The Corporation incurred $44,400 or actual manufacturing overhead cost during the month and appled S44400 in manufacturing overhead cost The raw materials purchased during May totaled $66.500 $54,000 $7900o