The data related to Macro build company present the following data for the month 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: Raw materials Work-in-progress Finished goods Other data: August 1 $8,000 $8,000 $14,000 August 31 $8,600 $12,000 $18,000 | Other data: Selling expenses General and administrative expenses Sales for the month $3,400 $2,600 $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 Answer O A