Required Information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Note: Assume all raw materials were used as direct materials. 3 Inventories Raw materials inventory Work in process inventory Finished goods inventory Activity during current year Raw materials purchased Direct labor Factory overhead es Beginning of Year End of Year $ 7,000 14,000 10,500 $ 9,500 10,000 6,500 $ 125,500 95,000 42,000 QS 18-16 (Algo) Computing direct materials used LO P2 Compute the cost of direct materials used for the current year. Cost of Direct Material Used is Computed as: S 0 ANY Prev Next >