A company's overhead rate is 50% of direct labor cost. Using the following incomplete accounts, determine the cost of direct materials used. Work in Process Inventory Beginning WIP 95, 300 Direct Materials ? Direct Labor ? Applied Overhead ? To Finished Goods Ending WIP 123,900 Factory Overhead 95,300 Finished Goods Inventory Beginning FG 111,900 307,500 Ending FG 134,400 85,770 285,000 Multiple Choice $163,000. $78,790