Tyre Corporation had the following inventory balances at the beginning and end of May Raw materiale Finished Goods May 1 $25,500 May 30 $30,000 $75,000 Work in Process $13,500 $66,000 $16,500 Help Save & Exit During May, $58,500 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 300 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 $7,050 of direct materials cost. The Corporation incurred $42.000 of actual manufacturing overhead cost during the month and appled $39,000 in manufacturing overhead cost The actual direct labor-hours worked during May totaled Mutiple Choice O 3.300 hours 2,000 hours 3600 hours 3.500 hours