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Tyare Corporation had the following inventory balances at the beginning and end of May May 1 May 30 Raw materials $30,000 $39,000 Finished Goods $79,500 $75,000 Work in Process $18,000 $17,193 During May, $63,000 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 390 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 $7,500 of direct materials cost. The Corporation incurred $43,350 of actual manufacturing overhead cost during the month and applied $42,300 in manufacturing overhead cost. The amount of direct labor cost in the May 30 Work in Process inventory was: Multiple Choice $4,308 $5,385 During May, $63,000 in raw materials (all direct materials) were drawn from inventory and usec rate was $12 per direct labor-hour, and it paid its direct labor workers $15 per hour. A total of 39 jobs in the beginning Work in Process inventory account. The ending Work in Process inventor Corporation incurred $43,350 of actual manufacturing overhead cost during the month and ap The amount of direct labor cost in the May 30 Work in Process inventory was: Multiple Choice $4,308 $5,385 $4,995 $9,693

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