Tyare Corporation had the following inventory balances at the beginning and end of May Raw materiais Finished Goods Work in Process May 1 $30, 500 $80,000 $18,500 May 30 $40,000 $76,000 $17,270 During May, $63,500 in raw materials (all direct materials) were drawn from inventory and used in production. The company's predetermined per direct labor-hour, and it paid its direct labor workers $15 per hour. A total of 400 hours of direct labor time had been expended on the job In Process inventory account. The ending Work in Process inventory account contained $7,550 of direct materials cost. The Corporation Incut manufacturing overhead cost during the month and applied $42.600 in manufacturing overhead cost The actual direct labor-hours worked during May totaled Multiple Choice 3.550 hours ABDO