TB MC Qu. 3-47 Stephenson Company's computer system recently cras...

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 data.

Cost of Goods Sold	$	387,000
Work-in-Process Inventory, Beginning		31,750
Work-in-Process Inventory, Ending		42,100
Selling and Administrative Expense		53,150
Finished Goods Inventory, Ending		16,050
Finished Goods Inventory, Beginning		?
Direct Materials Purchased		178,700
Factory Overhead Applied		122,500
Operating Income		25,850
Direct Materials Inventory, Beginning		20,100
Direct Materials Inventory, Ending		6,350
Cost of Goods Manufactured		347,000
Direct Labor		60,250

The CFO of Stephenson Company has asked you to recalculate the following accounts and report to him by week's end.

What should be the amount of direct materials used?