Mizner Company (MC) is a manufacturing company headquartered in Modesto CA. What is the amount of direct material used in the current year using the following information? Assume there were no indirect materials used by Mizner Company January 1 December 31 $ 6,109 12,400 9,309 $ 11,500 11,209 7,400 Inventories Raw Materials Inv. for MC Work in Process Inventory for MC Finished Goods Inv. for MC Activity during current year Materials Purchased by MC Direct Labor Used by MC Factory Overhead Incurred by MC $125,000 104,000 47,100 Cost of Direct Material is Computed as: Raw materials inventory, beginning arch Bic