Tyare Corporation had the following inventory balances at the beginning and end of May. Raw materials Finished Goods Work in Process May 1 $27,000 $76,500 $15,000 May 30 $33,000 $69,000 $16,731 During May $60,000 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 330 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 $7.200 of direct materials cost. The Corporation incurred $42,450 of actual manufacturing overhead cost during the month and applied $40,500 in manufacturing overhead cost. The actual direct labor hours worked during May totalec: Multiple Choice 3,960 hours 3,538 hours