29 - Maple Mount Fishery is a canning company in Astoria. The company uses a normal costing system in which factory overhead is applied on the basis of direct labor costs. Budgeted factory overhead for the year was $680,000, and management budgeted $357,000 of direct labor costs. During the year, the company incurred the following actual costs.

Direct materials used$377,000Direct labor306,000Factory overhead655,800

The January 1 balances of inventory accounts are shown below.

Materials all direct$62,900Work-in-process42,600Finished goods27,100

The December 31 balances of these inventory accounts were ten percent lower than the balances at the beginning of the year.

The amount of direct materials purchased during the year is:

Multiple Choice

• $384,000.
• $373,000.
• $381,000.
• $370,710.
• $376,700.