A company's overhead rate is 40% of direct labor cost. Using the following incomplete accounts, determine the cost of direct materials used. 5 Work in Process Inventory 111,400 ? ? Factory Overhead 111,400 100,260 Beginning WIP Direct Materials Direct Labor Applied Overhead To Finished Goods Ending WIP 2 9:57 Beginning FG 144,900 Finished Goods Inventory 130,900 359,700 157,300 333,300 Ending FG Multiple Choice $359,700 $42.290 O $190.000 $33,500