Question: I need help with this question please Question 16 (5 points) Assuming that the direct materials used is $1,400,000, compute the total manufacturing costs using

I need help with this question please

I need help with this question please Question 16 (5 points) Assuming

Question 16 (5 points) Assuming that the direct materials used is $1,400,000, compute the total manufacturing costs using the following information. Raw materials inventory, January 1 $ 20,000 Raw materials inventory, December 31 40,000 Work in process, January 1 18,000 Work in process, December 31 12,000 Finished goods, January 1 40,000 Finished goods, December 31 32,000 Raw materials purchases 1,400,000 Direct labor 560,000 Factory utilities 150,000 Indirect lab or 50,000 Factory depreciation 400,000 Operating expenses 420,000 $2,560,000. $2,554,000. $2,360,000. $2,980,000

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