Question 2 Each finished product of Carolina Cup requires two pounds of Product A and five pounds of product B. Throughout the year, the company purchases enough raw materials to produce 500 finished products. Each pound of Product A costs s7, and each pound of Product B costs $8. The beginning and ending balances of raw materials inventory totaled $8,900 and $10,100, respectively. Calculate the cost of direct materials used for the year. Show your work