Tyre Corporation had the b o nd of May Work in Process $16, 16, S Dung My works pero direct Ther w de d ee b m a sed production. The company preden overhead rate was $12 per det laborhout, and it poids direct labor nhebthe beginning Work in Process inventory account. The ending Work in Processing account contained $300 of ed cost during the month and applied $4000 in manufacturing overhead cost. a g Oo oo Tyre Corporation had the following inventory balances at the beginning and end of May Finished Goods Work in Process May 1 $28,000 $77,500 $16,000 May 30 $35,000 $71,000 $16,385 h o During May, 561000 in raw material direct materwere drawn from inventory and used in production. The company's predetermined overhead was prec workers $5 per hour. A total of 350 hours of direct labor time had been expended on the jobs in the beginning Work in Process to account. The ending Work in Proces direct w as cost. The Corporation incurred $42.750 of actual manufacturing overhead cost during the month and applied S a nctug overhead cost d direct labor o ry account corned $7.300 of The actual direct labor hours worked in May totaled Multiple Choice 1 2850 hours 0 O 3568 how 0 3425 hour 0 0