QS 14-12 Direct materials used P2 Use the following information to compute the cost of direct materials used for the current year. Assume the Raw Materials Inventory account is used only for direct materials. January 1 December 31 $ 6,000 12,000 8,500 $ 7.500 9,000 5.500 Inventories Raw materials inventory Work in process inventory Finished goods inventory Activity during current year Materials purchased Direct labor Factory overhead $123.500 94.000 39,000 Raw materials inventory, beginning Plus raw materials purchased... Raw materials available for use. Less raw materials inventory, ending Direct materials used...... BRE