Required information [The following information applies to the questions displayed below.) Note: Assume all raw materials were used as direct materials. Beginning of Year End of Year Inventories Raw materials inventory Work in process inventory Finished goods inventory $ 6,000 12,000 8,000 $ 7,000 9,000 5,000 Activity during current year Raw materials purchased Direct labor Factory overhead $ 123,000 94,000 39,000 Compute the cost of direct materials used for the current year. Cost of Direct Material Used is Computed as: 0 $ 0