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.) Inventories Raw materials inventory Work in process inventory Finished goods inventory Activity during current year Materials purchased Direct labor Factory overhead Cost of Direct Material Used is Computed as: January 1 December 31 $ 8,900 13,800 10,400 $ 10,800 11,200 6,100 $127,500 101,600 42,900