A company's overhead rate is 40% of direct labor cost. Using the following incomplete accounts, determine the cost of direct materials used 17 Work in Process Inventory Beginning WIP Direct Materials Direct Labor Applied Overhead To Finished Goods Ending WIP 111,400 02 3953 Factory overhead 111, 400 100, 260 Finished Goods Inventory Beginning FG 130,900 359, 70 157, 300 333, 300 Ending FG Multipie Choice