Use the following information to compute the cost of direct s used for the current year. (Assume no January 1 December 31 Inventories 6,000$ 12000 8500 7.500 Raw materials inventory Work in process inventory Finished goods inventory 5.500 Activity during current year Materials purchased Direct labor S123,500 94.000 39,000 ted as st of Direct Material is Raw materials inventory, beginning Add: Raw materials purchased Raw materials available for use ess: Raw materials inventory, ending Direct materials used