apters 15,16 Saved Help Save & E A company's overhead rate is 40% of direct labor cost. Using the following incomplete accounts, determine the cost of direct materials used. 2 Work in Process Inventory Beginning WIP 116,900 Direct Materials 2 Direct Labor 2 Applied Overhead 2 To Finished Goods Ending WIP 152,000 Factory Overhead 116,900 Pinished Goods Inventory Beginning FG 137,200 377,000 Ending FG 164,800 105, 210 349, 400 Saved 8 Multiple Choice oints $377,000 8 00:56.00 $333,135 $35,100 $199,900 $43.865