Problem -Please show work to solve the following problems:
Helmer Sporting Goods Company manufactured 100,000 units in 2012 and reported the following costs.
Direct manufacturing labor $2,176,000
Direct material purchases 3,136,000
Direct materials 1/1/2012 384,000
Direct materials, 12/31/2012 275,200
Finished Goods, 1/1/2012 672,000
Finished Goods, 12/31/2012 1,280,000
Sales Revenue 12,800,000
Work in process, 1/1/2012 96,000
Work in process 12/31/2012 64,000
Manufacturing Overhead Applied 1,307,600
Indirect costs:
Sandpaper $32,000
Lease cost-plant 384,000
Materials handling 320,000
Depreciation-equipment 224,000
Coolants & lub 22,400
Property taxes-factory
Equipment 32,000
Indirect labor 275,200
Fire insurance - factory
Equipment 16,000
Required: What is the amount of direct materials used during 2012?