Help Save & Maple Mount Fishery is a canning company in Astoria. The company uses a normal costing system in which factory overhead is applied the basis of direct labor costs. Budgeted factory overhead for the year was $680,000, and management budgeted $337000 of direct la costs. During the year, the company incurred the following actual costs Direct materials used Direct labor Factory overhead $37 , 320,000 655,200 The January 1 balances of inventory accounts are shown below. Materials all direct Work-in-process Finished goods $63,100 43,800 25,700 The December 31 balances of these inventory accounts were ten percent lower than the balances at the beginning of the year The amount of direct materials purchased during the year is