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 $ 7,300 12,800 9,400 Inventories Raw materials inventory Work in process inventory Finished goods inventory Activity during current year Materials purchased Direct labor Factory overhead $ 10,700 9,000 5,600 $133,000 97,200 42,300 Cost of Direct Material Used is Computed as: Raw materials inventory, beginning Direct materials used 0 Finished goods inventory $ Raw materials available for use 0 Raw materials inventory, beginning Work in process inventory