d 0y the initial investment. 40. Assuming costs using the following information. that the direct materials used is $1.400,000, compute the Raw nising the following interials used is $1,400,000, compute the total Raw materials inventory, January 1 Raw materials inventory, December 31 Work in process, January 1 Work in process, December 31 Finished goods, January 1 Finished goods, December 31 Raw materials purhases Direct labor S 20,000 40,000 18,000 12,000 40,000 32,000 1,400,000 560,000 150,000 Factory utilities Indirect labor 50,000 400,000 420,000 Factory depreciation Operating expenses A) $2,360,000. B) $2,560,000. C) $2,980,000. D) $2,554,000