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Tyare Corporation had the following inventory balances at the beginning and end of May: ...

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Accounting

Tyare Corporation had the following inventory balances at the beginning and end of May:

May 1 May 30
Raw materials $ 31,899 $ 53,199
Finished Goods $ 90,000 $ 90700
Work in Process $ 30100 $ 26670

During May, $95,000 in raw materials (all direct materials) were drawn from inventory and used in production. The company's predetermined overhead rate was $13 per direct labor-hour, and it paid its direct labor workers $16 per hour. A total of 571 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 $8,300 of direct materials cost. The Corporation incurred $48,700 of actual manufacturing overhead cost during the month and applied $52,450 in manufacturing overhead cost.

The raw materials purchased May totaled:

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