Blossom Manufacturing Company makes specialty tools, In January, Blossom incurs manufacturing costs of $16,120,000 for direct material, direct labor, and overhead, 20% of the total costs represents overhead applied. The overhead rate is $1 for every $2 of direct labor costs incurred. Inventory balances were: At the end of January, there was $1,240 of overapplied overhead. (a) Determine the cost of raw materials purchased in January. Rawmaterials purchases $5