Randall Company manufactures products to customer specifications. A job costing system is used. to accumulate production costs. Factory overhead cost was applied at 120% of direct labor cost. Selected data concerning the past year's operation of the company are presented below. Direct materials Work in process Finished goods Other information Direct materials purchases Cost of goods available for sale Actual factory overhead costs The cost of direct materials used for production is:? January 1 $ 85,000 74,000 123,000 December 31 $ 48,000 50,000 108,000 $ 332,000 958,000 268,000