The Choco Corp. incurred the following costs in 2020: Beginning direct materials inventory $10,000 Beginning work in process inventory $72,000 Ending direct materials inventory $24,000 Ending finished goods inventory $26,000 Direct labor cost $24,000 Manufacturing overhead $14,000 Total product costs $74,602 Cost of goods manufactured $96,000 $130,000 Cost of goods sold What is the cost of direct material used in production? (hint: use total product costs formula)