Maple Mount Fishery is a canning company in Astoria. The company uses a normal costing system in which factory overhead is applied on the basis of direct labor costs. Budgeted factory overhead for the year was $692,300, and management budgeted $342,500 of direct labor costs. During the year, the company incurred the following actual costs.
	Direct materials used			$396,300
	Direct labor			$319,800
	Factory overhead			$683,300
The January 1 balances of inventory accounts are shown below.
	Materials - all direct			$74,200
	Work in process			$43,000
	Finished goods			$27,300
The December 31 balances of these inventory accounts were eleven percent lower.
The amount of direct materials purchased during the year is:
$389,138
$390,138
$462,338
$463,338
$388,138