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Use the following information to compute the cost of direct materials used for the current year: Beginning of Year End of Year Inventories Raw materials

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

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