Use the following information to compute the cost of direct materials used for the current year: Inventories Beginning of Year End of Year Raw materials inventory $ 12,000 Work in process inventory 24,000 Finished goods inventory 17,000 Activity during current year Raw materials purchased Direct labor Factory overhead $274,000. $247,000 188,000 78,000 $ 15,000 18,000 11,000

Use the following information to compute the cost of direct materials uned tor the eurremt year $274,000