Question: Current Attempt in Progress Using the following information, compute the cost of direct materials used. (Assume that all raw materials used were direct materials.) Raw

Current Attempt in Progress Using the following information, compute the cost of direct materials used. (Assume that all raw materials used were direct materials.) Raw materials inventory, January 1 $35000 Raw materials inventory, December 31 65000 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 $1635000. O $1600000. O $1535000. O $1570000

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