If a company's overhead rate is 50% of direct labor cost. Using the following incomplete accounts, determine the cost of direct materials used.
Goods in Process inventory Finished Goods Inventory
Beg bal 200,500 beg bal 218,000
DM? 425,000 407,000
OH? FG?
End bal 231,560 end bal 248,000
Factory Overhead
103,020 100,220
