A company's overhead rate is 200% of direct labor cost. Using the following incomplete accounts, determine the cost of direct materials used Work in Process Inventory 63,000 2 20 Beginning WIP Direct Materials Direct Labor Applied Overhead To Finished Goods Ending WIP ? 2 153,000 73,000 Factory Overhead 151,000 Finished Goods Inventory 53,000 278,000 48,000 Beginning FG 283,000 Ending FG Multiple Choice $278,000 $58,500 $149.500 $293.000 $283,000