• The data related to Macro build company present the following data for the month of August 2018. Direct labor cost $16,000 (160% of factory overhead) Cost of sales $56,000 Beginning and ending inventory balances of inventory are given below: August 1 August 31 Raw materials $8,000 $8,600 Work-in-progress $8,000 $12,000 Finished goods Other data: $14,000 $18,000 Selling expenses $3,400 General and administrative expenses $2,600 Sales for the month $75,000 Among, the given options, determine the cost of raw material purchased. a. $32,600 b. $36,000 c. $32,000 d. $28,600