Tyare Corporation had the following inventory balances at the beginning and end of May May 30 $32,000 $43,000 $81,500 $79,000 501) Work in Process$20,000 17,501 May 1 Raw materials Finished Goods During May, $65,000 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 paid its direct labor workers $15 per hour. A total of 430 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 $7,700 of direct materials cost. The Corporation incurred $43,950 of actual manufacturing overhead cost during the month and applied $43,500 in manufacturing overhead cost The actual direct labor-hours worked during May totaled: Tyare Corporation had the following inventory balances at the beginning and end of May May 30 $32,000 $43,000 $81,500 $79,000 501) Work in Process$20,000 17,501 May 1 Raw materials Finished Goods During May, $65,000 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 paid its direct labor workers $15 per hour. A total of 430 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 $7,700 of direct materials cost. The Corporation incurred $43,950 of actual manufacturing overhead cost during the month and applied $43,500 in manufacturing overhead cost The actual direct labor-hours worked during May totaled