Beginning of Year End of Year Inventories Raw materials inventory Work in process inventory Finished goods inventory $ 12,000 24,000 17,000 $ 15,000 18,000 11,000 Activity during current year Raw materials purchased Direct labor Factory overhead $ 247,000 188,000 78,000 Multiple Choice $274,000 $241,000. $262.000. hey O $259,000 Use the following information to compute the cost of direct materials used for the current year: Beginning of Year End of Year Inventories Raw materials inventory Work in process inventory Finished goods inventory $ 12,000 24,000 17,000 $ 15,000 18,000 11,000 Activity during current year Raw materials purchased Direct labor Factory overhead $ 247,000 188,000 78,000 Multiple Choice $274,000. $241,000. $262.000. Direct labor Factory overhead 188,000 78,000 Multiple Choice $274,000 $241,000. $262.000 $259,000 $244,000