Stephenson Company's computer system recently crashed, erasing much of the company's financial data. The following accounting information was discovered soon afterwards on the CFO's back-up computer disk. Cost of Goods Sold Work-in-Process Inventory, Beginning Work-in-Process Inventory, Ending Selling and Administrative Expense Finished Good Inventory, Ending Direct Materials Purchased Factory Overhead Applied Operating Income Direct Materials Inventory, Ending Cost of Goods Manufactured Direct Labor $417,000 $32,700 $41,700 $53,400 $15,900 $177,500 $120,200 $23,500 $6,500 $367,100| $59,400 The CFO of Stephenson Company has asked you to recalculate the following accounts and report to him by week's end. { m u o What should be the amount of direct materials used? $177,500 $376,100 $196,500 $408,800