Question: Multiple Choice Question 116 Using the following information, compute the direct materials used. $ 20000 Raw materials inventory, January 1 Raw materials inventory, December 40000

Multiple Choice Question 116 Using the following information, compute the direct materials used. $ 20000 Raw materials inventory, January 1 Raw materials inventory, December 40000 31 18000 Work in process, January 1 Work in process, December 31 Finished goods, January 1 Finished goods, December 31 Raw materials purchases Direct labor Factory utilities Indirect labor Factory depreciation Operating expenses 12000 40000 32000 1500000 760000 150000 50000 400000 420000 O $1500000. $1520000. o $1480000. $1560000

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