Tyare Corporation Had the Following Inventory Balances at the Beginning

Multiple Choice

Tyare Corporation had the following inventory balances at the beginning and end of May: During May, $68,000 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 490 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 $8,000 of direct materials cost. The Corporation incurred $44,850 of actual manufacturing overhead cost during the month and applied $45,300 in manufacturing overhead cost.The raw materials purchased during May totaled:

A) $68,000
B) $85,037
C) $54,000
D) $82,000