WWW QS 18-12 Direct materials used LO P2 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 Inventaries Raw materials inventory $ 6,700 $ 10,500 Work in process inventory 14,600 10,400 Finished goods inventory 9,100 5,800 Activity during current year Materials purchased $134,000 Direct labor 99,200 Factory overhead 39,600 Cost of Direct Material Used Is Computed as: