A company's overhead rate is 200% of direct labor cost. Using the following incomplete accounts, determine the cost of direct materials used.

used. Work in Process Inventory Beginning WIP 50,000 Direct Materials Direct Labor Applied Overhead To Finished Goods Ending WIP 60,000 Factory Overhead 138,000 Finished Goods Inventory Beginning FG 40,000 265,000 Ending FG 35,000 140,000 270,000 Multiple Choice O $280,000. O $130,000. O $270,000. O $65,000. O $265,000