Question: 1 Multiple Choice Question 120 Using the following information, compute the cost of direct materials used. Raw materials inventory, January 1 $ 30000 Raw materials

1 Multiple Choice Question 120 Using the following information, compute the cost of direct materials used. Raw materials inventory, January 1 $ 30000 Raw materials inventory, December 31 60000 Work in process, January 1 27000 Work in process, December 31 18000 Finished goods, January 1 60000 Finished goods, December 31 48000 Raw materials purchases 1600000 Direct labor 890000 Factory utilities 225000 Indirect labor 75000 Factory depreciation 500000 Operating expenses 630000 O $1540000. O $1630000. O $1600000. O $1570000

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