Beckett Industries has the following beginning and ending inventories for the month of April.

	April 1				April 30
Direct materials		$	67,000			$	62,000
Work-in-process			145,000				171,000
Finished goods			85,000				78,000

Production data for the month of April is:

Direct labor	$	200,000
Actual overhead		132,000
Direct materials purchased		163,000
Transportation in		4,000
Purchase Returns and Allowances		2,000

Beckett uses one overhead control account and charges overhead to production at 70% of direct labor cost. The company does not formally recognize over- or underapplied overhead until year-end. What was the cost of the materials used by Beckett in April?

Multiple Choice

• $370,000.

• $170,000.

• $363,000.

• $168,000.

• None of the answers is correct.