Use the following information to compute the cost of direct materials used for the current year. Assume the raw materials inventory account is used only for direct materials. (Assume no indirect materials.) January 1 December 31 Inventories Raw materials inventory $ 7,000 $ 9,200 Work in process inventory 13,200 11,800 Finished goods inventory 9,600 5,800 Activity during current year Materials purchased $133,000 Direct labor 101,600 Factory overhead 41,100 Cost of Direct Material Used Is Computed as