For the month of May, the balance in Acme Company's raw materials inventory account was...

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Accounting

For the month of May, the balance in Acme Company's raw materials inventory account was $25,500 at the beginning of the month and $47,000 at the end of the month. Raw materials purchases during the month totaled $74,000. During May, Acme incurred $116,500 of manufacturing overhead costs, which included $3,100 of indirect materials. What amount of direct materials was used during the month of May?
$74,000
$52,500
$49,400
$95,500
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