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Use the following information to compute the cost of direct materials used for the current year. Assume the raw materials inventory account is used only for direct materials. (Assume no indirect materials.) Inventories Raw materials inventory Work in process inventory Finished goods inventory Activity during current year Materials purchased Direct labor Factory overhead January 1 December 31 $ 8,700 $ 11,400 12,200 11,400 10,000 5,600 $124,500 96,400 46,800 Cost of Direct Matera Used Computed as