Zoolander Inc. manufacturers high end fashion accessories and has provided the following data for the latest quarter ended March 31st Beginning Inventory for Raw Materials $64,000 Ending Inventory for Raw Materials $54,600 Beginning Inventory for Work in Process $92,000 Ending Inventory for Work in Process Z $102,000 19 Beginning Inventory for Finished Goods $50,000 Ending Inventory for Finished Goods 4 $59,000 Purchases of Raw Materials 33 $45,000 Wags paid to assembly line workers 59 $124,000 9 Wages paid to factory supervisor $31,000 Property insurance paid on factory $4,600 Utilities for the factory 32 $9,700 Indirect materials used in production 34 $3,000 Sales Revenue $525,000 General & Administrative Expenses $135,000 Calculate direct materials used for Zoolander Inc.'s first quarter. (Assume that Indirect materials are not included in Raw Materials Inventory.) 19 O A. $40,000 B. 554,400 C. $35,600 D. $45,000