yare corporation had the following inventory balances at the beginning and end of may: may 1 may 30 raw materials $29,000 $37,000 finished goods $78,500 $73,000 work in process $17,000 $17,039 during may, $62,000 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 370 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 $7,400 of direct materials cost. the corporation incurred $43,050 of actual manufacturing overhead cost during the month and applied $41,700 in manufacturing overhead cost. the actual direct labor-hours worked during may totaled: