8 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.) 125 points January 1 December 31 $ 7,500 13,800 9.400 Inventories Raw materials inventory Work in process inventory Finished goods inventory Activity during current year Materials purchased Direct labor Factory overhead $ 11,200 9,800 6,600 eBook References $129,000 101,600 41,100 Cont of Direct Material Used is Computed as: 0 0 Activity during current yed Materials purchased Direct labor Factory overhead Cost of Direct Material Used is Computed as: Direct materials used Finished goods inventory $ 0 Raw materials available for use Raw materials inventory, beginning Work in process inventory