The following account balances at the beginning of January were selected from the general ledger of Ocean City ManufacturingCompany:

Work in process inventory	$0
Raw materials inventory	$28,000
Finished goods inventory	$40,000

Additionaldata:1. Actual manufacturing overhead for January amounted to$62,000.2. Total direct labor cost for January was$63,000.3. The predetermined manufacturing overhead rate is based on direct labor cost. The budget for the year called for$250,000 of direct labor cost and$350,000 of manufacturing overhead costs.4. The only job unfinished on January 31 was Job No.151, for which total direct labor charges were$5,200 (800 direct laborhours) and total direct material charges were$14,000.5. Cost of direct materials placed in production during January totaled$123,000. There were no indirect material requisitions during January.6. January 31 balance in raw materials inventory was$35,000.7. Finished goods inventory balance on January 31 was$34,500.What is the amount of materials purchased duringJanuary?

A.

$60,000

B.

$158,000

C.

$130,000

D.

$123,000