Question 24 (3 points) Manufacturing Company Inc. is required to track and report departmental expenses and cost Beginning Raw Matarials Inventory: $16,000 Ending Raw Matei uis Inventory: $17,500 Beginning Work in Process Inventory: $55,000 Ending Work in Process Inventory: $60,000 Beginning Finished Goods Inventory: $52,000 Ending Finished Goods Inventory: $49,500 Materials Purchased: $90,000 Indirect Materials Used: $15,000 Direct Labor Wages: $46,000 Indirect Labor Wages: $37,500 Factory Equipment Depreciation: $25,000 Factory Equipment Maintenance: $4,000 Factory Rent: $15,000 Office Supplies Used: 6,000 Selling and Administrative Expenses: $524,000 What was Total Direct Material cost for the period? $105,000 $73,500 $88,500 $90,000