The Milo Company's records for May contained the following information:

Actual direct labour-hours 9,000 hours

Actual direct labour cost $47,000

Direct material purchased 16,000

Direct material used 14,000

Cost of goods sold 100,000

Overapplied overhead 5,000

Ending inventories:

Raw materials 30,000

Work in process 50,000

Finished goods 70,000

The company uses a predetermined overhead rate of $5.00 per direct labour hour to apply manufacturing

overhead to jobs.

The cost of raw materials purchased during the year amounted to:

A) $411,000. B) $360,000. C) $336,000. D) $316,000.

Please show work